Saudi Arabia’s privatisation goals fall short on progress | Financial Times:
As Saudi Arabia pushes ahead with its ambitious socio-economic overhaul to wean the kingdom off its dependence on oil, local and international banks are lining up to seize new business.
The changes are creating opportunities in project financing and debt raising, with the potential privatisation of Saudi Aramco, the state oil company, still to come. But growth continues to be lacklustre, with the private sector reeling from the pain of some of the reforms.
The murder of journalist Jamal Khashoggi by government agents at the Saudi consulate in Istanbul last year sent the kingdom into its worst diplomatic crisis since the 9/11 terrorist attacks, and intensified international scrutiny of the country’s military campaign in Yemen.
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