FaceOf: Turki Al-Hokail, CEO of KSA's National Center for Privatization

Updated 27 April 2018
0

FaceOf: Turki Al-Hokail, CEO of KSA's National Center for Privatization

  • He is a board member of the Saudi Aviation Holding Co.
  • Al-Hokail regularly contributes articles to the international and local press, is a frequent commentator on TV

On Tuesday, Saudi Arabia’s Council of Economic and Development Affairs (CEDA) approved a privatization program that aims to increase job opportunities for Saudi nationals, attract technologies and innovations, and support the country’s economy.

The National Center for Privatization (NCP), the body responsible for implementing the big state sell-off program, released details of its privatization plan after proposals were signed to transfer ports, hospitals, desalination plants, schools and sports clubs to the private sector. 

Turki Al-Hokail is the CEO and a board member of the NCP, reporting directly to CEDA and leading Vision 2030’s privatization goals and program. 

He is a board member of the Saudi Aviation Holding Co., a board member of the General Authority of Customs and a member of the International Association for Energy Economics. Prior to that, Al-Hokail served as an assistant deputy minister of Commerce and Investment for Foreign Trade. 

He also served as a senior economic adviser at the General Secretariat of the Council of Ministers, as a senior adviser to the Supreme Economic Council at the Royal Court, a consultant at the World Bank, a senior manager of the Economic Research Studies Department of the MENA region at Banque Saudi Fransi and affiliate of Crédit Agricole CIB, and manager of the Economic Studies Department at the Saudi British Bank (SABB), an affiliate of HSBC Holdings Plc.

Al-Hokail regularly contributes articles to the international and local press, is a frequent commentator on TV and a regular participant in trade and economic conferences. He has published more than 150 reports on Saudi and regional economies in trade issues, business confidence indices and real estate/housing indices. 

He is a senior fellow at the Harvard Kennedy School, Harvard University. Al-Hokail gained his M.A in international commerce, economics and public policy from George Mason University. 

He holds an executive certificate in strategic transformation policies from London Business School, an executive certificate in creativity and innovation management from Harvard Business School, and an executive certificate in negotiation and conflict management from the US Institute of Peace.


Saudi courts recover $3.4bn after enforcing foreign rulings

Special Criminal Court in Riyadh. (SPA)
Updated 19 min 19 sec ago
0

Saudi courts recover $3.4bn after enforcing foreign rulings

  • The most recent one came from a court in Virginia, forcing a Saudi tourism company to pay $3,758,000 (SR14 million) to a US company

JEDDAH: Saudi enforcement courts have recovered more than $3.4 billion after imposing a number of foreign rulings. 

The rulings came from foreign arbitration committees and courts concerning individuals, companies and entities inside the Kingdom.

The most recent one came from a court in Virginia, forcing a Saudi tourism company to pay $3,758,000 (SR14 million) to a US company.

“We have received more than 400 applications from a number of applicants who are following up on foreign rulings implementation. The enforcement courts are working hard to process them and enforce the rulings, whether they are concerning individuals, investors, companies or other institutions,” the ministry said.