Challenges and risks in the historic Saudi Arabian privatization plan | Arab News:
"Saudi Arabia’s plan to kick-start its historic privatization program has been well received by an international investment community that is often skeptical of big announcements. Bankers have spoken of the “positive momentum” behind the plan, and that it looks realistic and achievable. Raising around $10 billion through state sell-offs, public private partnerships and trade sales is certainly a long way from the $200 billion put up as the total value of the privatization program just last year, but you have to start somewhere. The $10 billion figure relates to sell-off proceeds between now and the end of 2020, while the bigger figure was an estimate of the total value of proceeds from all asset sales and other privatization measures (excluding whatever comes from an IPO of Saudi Aramco) under the Vision 2030 strategy. Saudi policymakers still have the potential to meet the higher figures over the next 12 years as the pace of sell-offs accelerates and they — and global markets — become more familiar with the process."
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