Market forces - Future Investment Initiative 2018 - Day 3

The discussion on privatization at the Future Investment Initiative 2018 focused on the importance of explaining the benefits of privatization to the public, aligning privatization with broader economic transformation plans such as Vision 2030 in Saudi Arabia, and the need for competitive privatization processes. The panelists emphasized the significance of stability, growth, labor market policies, and the role of financial institutions in advancing privatization transactions. They also highlighted the importance of public participation and the readiness of companies for privatization. The conversation delved into the potential privatization of Saudi Aramco and the need to strike a balance between time to market and maximizing value. The panelists also discussed the role of investment banking in the privatization process and the shift towards a more diversified economy in Saudi Arabia.