Hospitals, airports, schools, football clubs: KSA hangs up the ‘for sale’ signs | Arab News:
"The summer months appear to have been anything but restful for policymakers in Saudi Arabia working on the Kingdom’s enormous privatization program, judging by the amount of public information that has been made available on this crucial subject.
Just by way of background: The Vision 2030 strategy, aimed at diversifying the Kingdom’s economy away from oil dependency, foresees big expansion in private-sector activity as a dynamo for further growth.
Apart from the historic initial public offering (IPO) of Saudi Aramco — based on a valuation of $2 trillion, the offering of 5 percent of the shares would be the biggest ever at $100 billion — there is an even bigger schedule of other privatizations, ranging from power stations to football clubs, that has been officially valued at $200 billion."
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