Saudi Arabia: telecoms privatization

Article Abstract:

Saudi Arabia intends to privatize the country's telecommunications industry. The Saudi Telecommunications Company (STC) will be put up with a capital of about $2.6 to $3.2 bil in response to this aim for privatization. The government will be holding a 20% share in the private company. Moreover, the government will also allow its citizens to open post offices and mail delivery services all over the country.

Telecommunications, Telephone Communication, Finance, Telecommunications services industry, Telecommunications industry, Saudi Telecommunications Company

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Saudi Arabia announces budget and projects larger deficit

Article Abstract:

The Kingdom of Saudi Arabia released its projected deficit and budgeted spending for the year 1998. The Kingdom's budgeted spending and revenues for the year 1998 is expected to reach $52.3 billion and $47.5 billion, respectively. Meanwhile, the country's projected deficit for the year 1998 is set at $4.8 billion, which is much higher than last year's $1.6 billion actual deficit.

Public Finance Activities, Economics, Research and Development in the Social Sciences and Humanities, National Government Expenditures, Government spending policy, Public expenditures

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Saudi Arabia: new foreign investment law draws mixed reviews

Article Abstract:

Issues concerning the implementation of the Saudi Arabian Foreign Investment Law are discussed. The aims and provisions of the law and its potential impact on investment in the Saudi oil and gas industries are explored.

Saudi Arabia, Petroleum industry, Gas industry

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