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Privatization plans are moving ahead

Crown Prince Mohammed Bin Salman tells Bloomberg that privatization plans are moving ahead. “In 2019, we will have more than 20 services that will be privatized, most of them in water, agriculture, energy and some of it in sports. Now we’re talking with investors. (…) So in 2019, more than 20 companies will definitely start privatizing. Most of the companies will be in desalination.”

Gulf Cooperation Council: investors eye school transport service

Investors say they are looking for a way to break into the private provision of school bus services. “We have recognised the lucrative investment merits of the student bus transportation segment early on and were able to gain a first-mover advantage,” said Shailesh Dash, chairman of Gulf Pinnacle Logistics.

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