Privatization to boost global investment in Bahrain
Privatization in Bahrain would bring greater international investment into the local economy, and increase the private sector's contribution to the public sector, said Finance Minister Shaikh Ahmed bin Mohammed Al Khalifa.
Privatization, said Khalifa, "Will also attract technical and administrative experts into the privatized field, not just from the country but from all around the world, something that will help develop that sector and enhance it," according to <i>Gulf Daily News</i>.
The minister told the Shura Council that the move would be studied carefully to ensure what the outcome would be.
"It also aims at directing the government's spending into other services, which require immediate attention, like education, health, housing and other social services," he added.
He also pointed out that the newly-created national holding company would not conflict or coincide with privatization plans.