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Saudi Arabia to Privatize Postal System
World Economy

Saudi Arabia to Privatize Postal System

Saudi Arabia is likely to start privatizing its postal system by early next year, telecommunications minister Mohammed al-Suwaiyal said, in a test case for a series of state asset sales, Reuters reported. Under economic reforms announced this week, the kingdom aims to privatize companies and services in many areas, from health care to housing and municipal government, to boost efficiency and ease pressure on state finances in an era of cheap oil. Saudi Postal Corp, with over 10,000 staff, will be one of the first to be offered to investors.

 

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