SWCC hired BNP Paribas advising on sale of Ras Al Khair desalination plant – Saudi Arabia – Riyadh

DUBAI (Reuters) – Saudi Arabia’s Saline Water Conversion Corporation (SWCC) has hired BNP Paribas (BNPP.PA) to advise it on the sale of its $7.2 billion Ras Al Khair desalination plant, a source close to the matter said on Thursday. The desalination and power plant is one a number of state assets that the government is selling as part of a privatization drive to reduce pressure on its capital spending and to diversify government revenues away from oil. SWCC did not immediately respond to a request for comment. BNP Paribas declined to comment. The plant, which has been operational since [