Glossary Terms

National Council Of U.S.-Arab Relations

Founded in 1983, the National Council on U.S.-Arab Relations is an American non-profit, non-governmental, educational organization dedicated to improving American knowledge and understanding of the Arab world. The Council has been granted public charity status in accordance with Section 501(c)(3) of the Internal Revenue Code. All contributions are tax-deductible to the fullest extent allowed by law.

National Industrialization Company (TASNEE)

The National Industrialization Company (TASNEE) was established in 1405H, corresponding to 1985, as the first joint-stock industrial company fully owned by the private sector.

National Water Company

The National Water Company (NWC) plans to become a “leading water utility in the region” within 4 to 7 years after its creation in 2008. NWC’s twelve-member Board is chaired by the Minister of Water and Electrity and includes the CEO of the company.

Nitaqat

Nitaqat – Saudi program of incentives and punishments to spur nationalization in the private sector.