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Saudi Arabia to widen scope of privatisations, finance minister says

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Mohammed al-Jadaan said privatisations will likely generate north of US$50 billion in the next four to five years.

[DUBAI] Saudi Arabia will look to sell assets in sectors that were not previously considered for privatisation, such as healthcare and education, the country's finance minister said on Wednesday.

Speaking at a Bloomberg event, Mohammed al-Jadaan said privatisations will likely generate north of US$50 billion in the next four to five years.

He added that Saudi Arabia will likely tap international debt investors once again this year, but no decision had been taken yet on the currency of the planned issuance. 

REUTERS

 

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