Privatization in Jordan
Publication Date:
Jan 01, 2015
This article gives an overview of the objectives, progression, and a history of noteworthy privatizations in all sectors in Jordan.
Objectives of privatization in Jordan
The privatization process aims at achieving the following objectives:
- Optimizing project efficiency, productivity and competitiveness by activating the forces of the market and eliminating economic imbalances and distortions.
- Mobilizing domestic savings and attracting more private domestic, Arab and foreign investments by opening up the markets and abolishing state monopoly.
- Stemming the flow of public funds by way of assistance or loans to private projects, in order to alleviate the financial burden of the Treasury.
- Reducing the need to turn to external lending for the purposes of covering the deficit of existing projects or financing of new projects.
- Deepening the local capital market and directing private savings to long-term investments.
- Facilitating access to technology and modern management techniques much needed to foster competitiveness on the global markets and access to new and stable markets.
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