Government considering privatisation of Saudia

    Saudia is among the state owned companies being considered for privatisation under the Saudi Government’s ‘Vision 2030’ economic diversification programme, according to the National Centre for Privatisation (NCP) (Arab News, 09-Sep-2017). The privatisation programme is expected to increase the private sector’s contribution to GDP from 40% to 65% over several years. NCP director general strategic communication and marketing Hani Alsaigh said: “The NCP is working hard with other partners to oversee the efficient and strategic transfer of the Kingdom’s government assets to the private sector”.