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Privatization In The Gulf Cooperation Council (Gcc) Countries: The Need And The Process

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  • AL-OMAR, FUAD ABDULLAH

    (Vice President (Finance))

Abstract

This paper attempts to review the importance and significance of the privatization process in GCC countries; discusses in detail the motives for privatization and the appropriate approaches towards it; and presents an action plan for such endeavor with necessary precautions. The paper focuses on four dimensions of privatization in GCC countries: the concept, the need, the prerequisites and the process. The central argument of the paper is that selection of a privatization approach depends on institutional capacity and economic and regulatory conditions. Though divestiture is the most well received approach for privatization, it should not be the dominant mechanism. Contracting-out seems a promising approach in the GCC context. However, insufficient efforts have been directed to improving public delivery systems prior to privatization.

Suggested Citation

  • Al-Omar, Fuad Abdullah, 1996. "Privatization In The Gulf Cooperation Council (Gcc) Countries: The Need And The Process," Islamic Economic Studies, The Islamic Research and Training Institute (IRTI), vol. 3, pages 35-55.
    • Handle: RePEc:ris:isecst:0103
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    References listed on IDEAS

    as
    1. Heller, Peter S. & Schiller, Christian, 1989. "The fiscal impact of privatization, with some examples from Arab countries," World Development, Elsevier, vol. 17(5), pages 757-767, May.
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