The privatization of the military’s Chill Out fuel retailer is in the works, while the sale of Wataniya is postponed to 2024.

As one stake sale faces a delay, another is in the pipeline: The government is considering divesting a stake in the military’s Chill Out fuel retailer, as mentioned by Planning Minister Hala El Said during COP28. The company, owned by the National Service Projects Organization (NSPO) through its National Roads Company subsidiary, would follow in the footsteps of Wataniya, another military-owned fuel retailer that previously offered shares to private investors. El Said did not provide specific details regarding the timeline or the percentage of the stake sale.

ArabMLS Founder

Ahmed Elbatrawy, who leads the Arab MLS platform, aims to simplify property transactions in the Middle East, paving the way for unprecedented global investment opportunities.

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