Aramco international listing ‘still on the cards’ “” Al-Jadaan – Saudi Gazette

Aramco international listing ‘still on the cards’ “” Al-Jadaan – Saudi Gazette

Finance Minister Mohammed Al-Jadaan in Davos.. DAVOS - Finance Minister Mohammed Al-Jadaan discussed the country's economic outlook, international borrowing and the future international listing of Saudi Aramco with Bloomberg Television.. I think Saudi Arabia has made it clear they are going through a well-articulated strategy in terms of having to the debt market, whether international or local.. Investors have really started pricing Saudi in the right way.. We are starting seeing results of Vision 2030.. It is about 30 billion Saudi riyals out of 1 trillion, a small amount.. We have awarded quite a lot of private sector projects in infrastructure and soft structure in the last two years, and now actually more work to the private sector has been given.. We are confident the economy is picking up and we are seeing leading indicators say private sector confidence is back.. Francine: How much are you expecting the PIF national development fund to spend domestically?Al-Jadaan: The national development fund is mandated on domestically.. Francine: Thank you so much for joining us, Mohammed Al-Jadaan, Minister of Finance, Saudi Arabia..