23/11/2025
23/11/2025
The copy of the report, which cited the four policies as follows: develop legislative and regulatory frameworks to increase the citizens’ ownership in companies slated for privatization, support the modification of competition regulations in the relevant sectors (a policy that is underway), establish a company based on a partnership model in the targeted sectors, and allocate shares in the education and health sectors to citizens at nominal prices.
The report called for the development of a social safety net by providing education and health insurance vouchers to citizens upon privatization of operational sectors, reduction of the budget deficit by setting a ceiling of not more than five percent of current expenditures, investment of surpluses generated from privatization, and distribution of a portion of the returns to citizens. It indicated that the most difficult challenges in the implementation of the program are the decline in the shares of citizens and the private sector in the ownership of public assets, dominance of the public sector over operational sectors, and imbalance in public finances. The objectives of the program include involving citizens in privatized assets, gradually privatizing operational sectors, restructuring public finances, and privatization of North Shuaiba Power Plant, which is being implemented through the technical body of the privatization program, using a nongovernmental financing mechanism
