Schools, water are priorities as Saudi launches privatization plan | Reuters:
"School buildings and desalination facilities producing fresh water will feature in some of the first deals as Saudi Arabia transfers a quarter of its economy to private hands, an official overseeing the process said on Wednesday.
Turki A. Al Hokail, chief executive of the National Centre for Privatisation and Public-Private Partnerships, was speaking as the government formally launched a vast privatisation program focusing on 10 sectors of the economy.
Riyadh is working on new rules to attract foreign as well as local capital to the scheme and will address potential investors’ concern about their level of control over projects, including their ability to hire and fire workers, Hokail said.
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