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Privatization law complete except article on employees'' incentives -- Zalzalah |
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Monday, 15 March 2010 09:18 |
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KUWAIT, March 14 (KUNA) -- The Parliamentary Financial and Economic Affairs Committee has completed the placement of the privatization law
, with the exception of the article stipulating incentives offered to those employed in sectors to be privatized, said committee chief MP Dr. Yousef Al-Zalzalah on Sunday.
Speaking to reporters following the committee meeting, he said that the privatization law has been "exhausted in discussion" between the committee's members and the government, and that the report on this matter had been completed.
He said that the committee would be meeting tomorrow with representatives of the Public Institute for Social Security to place "final wording" of the article related to incentives offered to employees of the sector to be privatized.
Al-Zalzalah noted that this law would be a new edition to economic legislations aimed at pushing forth development and contributing to the state's strategic plan.
Asked which sectors would be privatized, the MP said, "This is not an issue for the committee nor the law, and the matter is left to the Higher Privatization Council which the law stipulates will be established." - Kuna
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