Saudi Arabia is likely to start privatising its postal system by early next year, telecommunications minister Mohammed al-Suwaiyal said, in a test case for a series of state asset sales.
Under economic reforms announced this week,
Kuwait's Agility, the largest logistics company in the Gulf, will be interested in bidding for Kuwait's airport and ports if their management is offered for privatisation, the chief executive Tarek Sultan said on Wednesday.
Irish firm daa International has won a major contract to manage and operate the new Terminal 5 facility at Saudi Arabia’s King Khaled International Airport (KKIA) in Riyadh.
Daa International was chosen to operate the new 106,500-
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
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,
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
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
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
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
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