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privitisation

Saudi Arabia eyes $200 billion in revenue as privatisation drive starts up

RIYADH:┬áThe 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…