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Slow, stately tread of Saudi privatization
Saudi Arabiaâs investment chief on Monday slammed the slow pace of privatization in the Kingdom, saying that combined with failure to open major sectors to foreign investors, it was harming the economy more than any alleged terror threat. âNone of the big sectors have been opened up yet, and in the case of sectors taken off the ânegative listâ, public sector monopoly holders are preventing new investors from coming into the market,â Prince Abdullah bin Faisal bin Turki told AFP. Posted by: Fred Pruitt 2003-11-03 |
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