Saudi's Riyadh Airport Privatization Plans on Hold: Sources

April 18, 2018

DUBAI/RIYADH (Reuters) - Saudi Arabia has put on hold privatization plans for King Khaled International Airport in Riyadh, the kingdom’s second biggest airport, sources familiar with the matter said.

The Gulf Arab state is launching a privatization drive as part of wider economic reforms aimed at boosting efficiency, easing pressure on state finances and diversifying the oil dependent economy.

In July, sources told Reuters that Goldman Sachs (GS.N) was hired by the government to manage Saudi Civil Aviation Holding Company’s (SAVC) plans to sell a minority stake in Riyadh airport.

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