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     · Saudi Arabia's Saline Water Conversion Corporation (SWCC) has hired BNP Paribas <> to advise it on the sale of its billion ( billion pounds) Ras .

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     · Saudi Arabia halts 2bn sale of water plant stake. Saudi Arabia has halted the sale of one of the world's biggest water plants, which had attracted interest from investors including France's Engie SA, in a setback for the kingdom's privatisation plans. The Ras Al Khair desalination and power facility on Saudi Arabia's east coast had ...

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     · To raise funds for economic diversifiion, Saudi Arabia has issued debt, drawn down its fiscal reserves and raised the value added tax (VAT – a form of sales tax). Saudi Arabia's debttoGDP ratio is forecast to reach 34% of GDP in 2020, up from 25% in 2019. The kingdom can also continue to draw from its reserves, which stood at USD 130bn ...

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