International lenders did not disclose specificities, but said it was part of global cost-cutting plansNovember 26, 2015 11:32
Kuwait’s public sector now open to privatization
The country’s oil and gas industries and health and education sectors are excluded from privatization move.
May 13, 2010 8:33 by Rasha Reslan
Kuwait MPs Wednesday passed a privatization bill that will open up the country’s large public sector, the AFP reported.
Calling the bill “legislation for the robbery of Kuwait,” 28 lawmakers opposed the new legislation, which passed following an eight hour debate and the in-favor votes of 33 MPs.
Opposing lawmakers said the new legislation advances the interests of the very wealthy, without safeguarding the rights of the Kuwaiti workforce.