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Council of Economic and Development Affairs

Council of Economic and Development Affairs latest

Saudi Arabia's aim is to increase the private sector contribution to gross domestic product from 40 percent to 65 percent by 2030. (Shutterstock)
April 26th, 2018 - 07:20 GMT

Saudi Makes Ports, Schools and Hospitals Priorities in Privatization Plan

Saudi Arabia’s ports, hospitals, desalination plants, schools, and even its sports clubs, are among the candidates for early transfer to the private sector in a program that the government hopes will generate up to SR40 billion ($10.6 billion) in revenue over the next two years.
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Each institutional fund will now belong to a ministry or other body related to its function, and be chaired by the minister.
March 24th, 2015 - 08:27 GMT

'Positive restructuring': Saudi Arabia reshuffles powers of finance ministry

Salman’s announcement on Thursday suggested the government remained willing to spend heavily despite the hit to its oil revenues from low prices.
February 1st, 2015 - 06:45 GMT

King Salman and the nanny state: how the Saudi economy is about to sustain itself on 'freebies'

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