Privatization and Foreign Direct Investment

  • Mohamed A. Ramady


There is a consensus amongst Saudi economic observers and practitioners that the Kingdom truly needs to make economic reforms work and it can only do so by strengthening the private sector, finding other sources of investment and encouraging repatriation of Saudi capital in viable domestic projects. What then are the obstacles? It is not that Saudi Arabia lacks good intentions or has not set the proper priorities. Rather, there is no matching consensus as to how much action is needed and how quickly it should act. While different economists and government planners might assign different priorities and values to the urgency of the effort needed, most would agree that success will depend on far more progress being made in the following areas: Privatizing key public assets, Attracting more effective foreign direct investment (FDI), Strengthening the private sector in a meaningful manner, Repatriating Saudi capital into domestic projects, Creating meaningful and value-added jobs for the Saudi economy


Private Sector Foreign Direct Investment Saudi Arabia World Trade Organization Arab Country 
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Copyright information

© Springer Science+Business Media, LLC 2010

Authors and Affiliations

  1. 1.Department of Finance and EconomicsKing Fahd University of Petroleum and MineralsDhahranSaudi Arabia

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