Saudi Arabia's privatization program is in the spotlight as the Supreme Economic Council (SEC) approved the executive program to privatize Saudi Arabian Airlines. The SEC also gave the green light to the principles regulating the private sector's participation in water and sewage projects.
The Saudi cabinet plans to divest control of state-run corporations and institutions with a total value of US$800 billion within the next 10 years, according to Khalid ibn Musaed Al-Saif, chairman of the international trade development committee at the Council of Saudi Chambers of Commerce and Industry.
