Egyptian businessmen have recently cautioned against the privatization of various public service sectors, according to the London-based Al-Sharq Al-Awsat daily. They claimed that such a move would have a detrimental affect on several related sectors, upon which many local limited-income families depend.
Addressing a symposium on Evaluating the Privatization Scheme, these local businessmen called for the restructuring of the country’s current privatization program. They demanded that privatization scheme be based on all available technical expertise so as to make the program a success.
In addition, they proposed the establishment of a new supervising body to oversee and monitor the performance of privatized enterprises. ― (MENA Report)
© 2001 Mena Report (www.menareport.com)
