Privatisation panel highlights transparency of mission | The Jordan Times
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The report reviewed the privatisation of 19 companies which used to be owned by the government in the fields of mining, telecommunications, aviation, water and electricity.
He pointed out that there were some legal violations in some of the transactions, particularly in the phosphate company deal as officials at that time followed direct negotiations with one investor without inviting tenders from various investors.
However, Razzaz said that the privatisation programme had also boosted the performance of the companies and created more jobs for Jordanians.
He said that the report criticised the transfer of the government’s shares in certain sectors, especially in mining and cement, adding that keeping strategic stocks in these firms would have prevented monopoly.