KUWAIT: Officialsources said the postal sector at the communications ministry is close to beingprivatized, as the fatwa and legislation department approved the proposed lawto privatize it. The communications ministry approved the post-privatizationplan, wrote its text and sent it to the fatwa and legislation department tostudy it from a legal point of view.
The proposal will be sent to the Cabinet for approval and referral to theNational Assembly along with other sectors to be privatized. The governmentwill establish a company called Kuwait Postal Company to be offered to theprivate sector. As for postal employees, they will be given the option to workfor the new company or be transferred to other sectors within thecommunications ministry.
Meanwhile, sources said Kuwait Investment Authority is close to preparing amemo with regards to asking it to study a proposal to privatize landlines andprepare an economic feasibility for it. If landlines are privatized, thecommunications ministry will be scrapped from any future Cabinet.
By A Saleh