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flag Saudi Arabia launches new privatization strategy to draw $64B in private investment by 2030, boosting economic diversification.

flag Saudi Arabia has launched a new National Privatization Strategy to expand public-private partnerships, aiming to attract $64 billion in private investment by 2030. flag The initiative, led by the National Center for Privatization & PPP, supports Saudi Vision 2030 by diversifying the economy, reducing oil dependence, and improving public services. flag It focuses on infrastructure development, job creation, and enhancing efficiency through private sector involvement. flag The country has concluded its previous privatization program, achieving its 2018 goals, and is now shifting to maximizing impact. flag Meanwhile, global markets reacted to rising geopolitical tensions, with oil prices surpassing $70 a barrel and gold nearing $5,600 amid fears of conflict.

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