Thursday 11 February 2016
 
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privatisation

Saudi to privatise Jeddah, Dammam airports in 2017

Saudi Arabia's civil aviation authority will privatise Jeddah and Dammam airports in 2017, the regulatory said on Tuesday. Foreign companies will be allowed to invest in the airports being privatised without the need for local partn

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Saudi plans spending cuts, reforms to cut huge deficit

Saudi Arabia, its finances hit by low oil prices, announced plans to shrink a record state budget deficit with spending cuts, reforms to energy subsidies and a drive to raise revenues from taxes and privatisation. The 2016 budget,

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Greek plans sale of ports, power firms, airports

Greece will move rapidly to privatise its ports, regional airports and its power grid operator under a memorandum of understanding (MOU) agreed with its international lenders. According to the 29-page MOU, a copy of which was obta

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Madinah Airport ‘precursor to privatisation in Saudi’

The recent $1.2 billion expansion of Prince Mohammad bin Abdulaziz International Airport in Madinah, Saudi Arabia is a positive move towards privatisation in the kingdom, an industry expert said. The expansion plan consists of a three-l

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Jazeera Airways bids to buy 35pc of Kuwait Airways

Kuwait’s low-cost carrier Jazeera Airways has formally submitted a letter of intent to acquire 35 per cent of Kuwait Airways, which is currently undergoing a privatisation process by the country’s government. The 35 pe

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Saudi privatisations 'may accelerate'

A new government policy-making council in Saudi Arabia may accelerate privatisations of state-owned companies, Saudi Stock Exchange chief executive Adel Al-Ghamdi said on Tuesday. The Council of Economic and Development Affairs, c

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Oman awards contract to study MEDC privatisation

Oman’s Electricity Holding Co (EHC) has awarded a contract to a consortium of advisors led by CPCS Transcom International to undertake a study for the privatisation of its subsidiary Muscat Electricity Distribution Co (MEDC), a report said

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Saudi eyes privatisation of key airports

Saudi Arabia is considering the privatisation of operations at some of its major airports, a senior official was quoted as saying. Major airports with huge domestic and international passenger traffic may soon be offered to the pr

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Saudi Arabia 'studying SWCC privatisation'

The privatisation of Saudi Arabia's Saline Water Conversion Corporation (SWCC) is being studied by the Supreme Economic Council and a decision on the matter is expected soon, Al Sharq Al Awsat newspaper reported on Monday, quoting unnamed so

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Saudi Arabia 'studying SWCC privatisation'

The privatisation of Saudi Arabia's Saline Water Conversion Corporation (SWCC) is being studied by the Supreme Economic Council and a decision on the matter is expected soon, Al Sharq Al Awsat newspaper reported on Monday, quoting unnamed so

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