Published in The National
Saudi Arabia’s Vision 2030, as well as the visions of several other GCC countries, feature privatisation as a key policy instrument. Although the diversification efforts that the Arabian Gulf countries are exerting are without global precedent, privatisation is a relatively mature policy domain, especially in the wake of former British prime minister Margaret Thatcher’s trailblazing wave of privatisation during the 1980s. What lessons should the Gulf countries keep in mind as they consider selling off state assets?
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