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Lack of information on privatisation fuelled scepticism — Razzaz
By Petra - Apr 22,2014 - Last updated at Apr 22,2014
AMMAN — The absence of transparency, information and facts for the public about the privatisation experience since its beginning has created an air of uncertainty and scepticism around the whole process, head of the Privatisation Evaluation Committee Omar Razzaz said on Tuesday.
During a brainstorming session with secretaries general of political parties attended by Minister of Political and Parliamentary Affairs Khaled Kalaldeh, Razzaz added that this was still the case until Royal directives were issued to form a committee of local and international experts to review the process, and study its economic and social effects, based on facts and figures, rather than impressions and rumours.
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Head of the Privatisation Evaluation Committee Omar Razzaz on Tuesday said that the panel –– through its recent report –– did not aim at ending the controversy surrounding the transfer of some state-owned properties to the private sector, but to present facts to the public.
Several segments, mainly the labour sector, have benefited from the sale of state-owned companies, especially in terms of increases in salaries and incentives, Omar Razzaz, head of the Privatisation Evaluation Committee, said on Tuesday.
His Majesty King Abdullah on Sunday stressed the importance of building on the outcome of the Privatisation Evaluation Committee (PEC) report by utilising its results in drawing up economic strategies, and boosting the partnership between the public and the private sectors.