chapter  5
44 Pages

PRIVATIZATION IN THE ARAB COUNTRIES

Privatization of certain public sector enterprises is among the general objectives and strategic principles of the development plans in the various Arab countries. Governments of the region are committed to increasing the role of the private sector in their economies. Privatization could reduce the financial burden on the governments and render several public sector institutions more efficient. The income generated from privatization could be used to retrain the national workforce and help assimilate them in the private sector as well as retiring existing public sector debt.