KUWAIT: The Supreme Council of Privatization decided to move on with privatizing government facilities, starting with the Ministry of Electricity and Water's main plants and the Ministry of Service's communications sector, including landlines, Al-Qabas reported yesterday quoting government sources.
The sources added that the council had accordingly contacted the Cabinet's secretariat general, which decided offering six practices to select consultant bodies and offices to be assigned to prepare feasibility studies and evaluate assets in both ministries, privatization procedures as well as a feasibility study on the privatization of two related government facilities.
"Execution may take some time," the sources noted but stressed that the most important thing is to get the process started, especially since both bodies had been target for privatization for 18 years now. "Once the assessment and feasibility study process is over, the final privatization schedule will be declared," the sources elaborated, noting that further privatization plans include Kuwait International Airport, North Shuaaiba plant, Shuwaikh Port, KAFCO, KASCO, TEC, KPTC, Kuwait government printing house, and the post sector.