Countries including Saudi Arabia and the United Arab Emirates have “really attractive” government-owned assets, which could be sold to the public or partnered with other investors, Atiq Rehman, head of Citigroup Inc.’s emerging-market cluster for Europe, the Middle East and Africa, said in an interview.
RIYADH: Oil-rich Gulf nations may turn to asset sales to complement an almost US$50bil debt spree to support economies rocked by the coronavirus pandemic and the collapse in crude prices, according to Citigroup Inc.
Countries including Saudi Arabia and the United Arab Emirates have “really attractive” government-owned assets, which could be sold to the public or partnered with other investors, Atiq Rehman, head of Citigroup Inc.’s emerging-market cluster for Europe, the Middle East and Africa, said in an interview.
Limited time offer:
Just RM5 per month.
