Saudi Arabia Seeks to Speed Privatizations to Help Ease Deficit

  • NCP aims for $4 billion in infrastructure deals this year
  • Pace of privatizations so far has been slower than expected
King Abdullah Financial District in Riyadh.Photographer: Maya Anwar/Bloomberg
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Saudi Arabia is hoping to speed up privatizations to narrow a budget deficit that ballooned last year due to the pandemic and a slump in oil revenue.