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Friday, 29 April 2016
Scepticism over privatisation in cradle-to-grave Saudi state - FT.com
Scepticism over privatisation in cradle-to-grave Saudi state - FT.com:
"When Saudi Arabia unveiled its ambitious plan to replace decades of dependence on oil with a thriving private sector economy, attention unsurprisingly focused on the sale of state oil producer Saudi Aramco — which would be the biggest initial public offering of all time.
But a much wider programme of privatisation will be required to meet the broader goal of economic diversification and job creation outlined this week by Mohammed bin Salman al-Saud, the young Saudi deputy crown prince leading the planned transformation."
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"When Saudi Arabia unveiled its ambitious plan to replace decades of dependence on oil with a thriving private sector economy, attention unsurprisingly focused on the sale of state oil producer Saudi Aramco — which would be the biggest initial public offering of all time.
But a much wider programme of privatisation will be required to meet the broader goal of economic diversification and job creation outlined this week by Mohammed bin Salman al-Saud, the young Saudi deputy crown prince leading the planned transformation."
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