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Asharq Al-Awsat
Asharq Al-Awsat
Business
Seol - Asharq Al-Awsat

Saudi Arabia Evaluates 300 Projects for Potential Privatization

Mohammed AlJadaan Saudi Arabia Kingdom South Korea Seoul
The Saudi Minister of Finance met with Korean officials in Seoul to review the progress of ongoing projects in the Kingdom. (Asharq Al-Awsat)

As South Korea recently announced its intention to encourage its companies to enter the Saudi market and seize the available opportunities, Saudi Minister of Finance Mohammed Al-Jadaan met on Wednesday in Seoul, with a consortium of South Korean companies, in the presence of Wong Hee-ryong, Korean Minister of Lands, Infrastructure and Transportation.

The Minister of Finance noted that the Kingdom’s privatization program was moving at an accelerated pace, and currently covered 200 projects in 17 sectors, with investments exceeding $50 billion.

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