Region: Middle East and North Africa
Country: Jordan
Keywords: Knowledge Lab, Privatization
Document Link(s):
Document(s):
- Privatization in Jordan22.75 KB
Document Summary:
This article gives an overview of the objectives, progression, and a history of noteworthy privatizations in all sectors in Jordan.
Document Details:
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.
Updated: April 6, 2022