Saudi Arabia eyes $200 billion in revenue as privatisation drive starts up
RIYADH: The Saudi Arabian government believes it can raise around $200 billion in the next several years by selling stakes in state enterprises ranging from hospitals to airports and grain silos.
Vice Minister for Economy and Planning Mohammed al-Tuwaijri said on Thursday that number was based on detailed studies of valuations and market demand since authorities announced plans for a privatization drive one year ago.
Administrative preparations are now in place and the government intends to begin offering assets this…