Postal sector privatization ‘close’
KUWAIT: Official
sources said the postal sector at the communications ministry is close to being
privatized, as the fatwa and legislation department approved the proposed law
to privatize it. The communications ministry approved the post-privatization
plan, wrote its text and sent it to the fatwa and legislation department to
study it from a legal point of view.
The proposal will be sent to the Cabinet for approval and referral to the
National Assembly along with other sectors to be privatized. The government
will establish a company called Kuwait Postal Company to be offered to the
private sector. As for postal employees, they will be given the option to work
for the new company or be transferred to other sectors within the
communications ministry.
Meanwhile, sources said Kuwait Investment Authority is close to preparing a
memo with regards to asking it to study a proposal to privatize landlines and
prepare an economic feasibility for it. If landlines are privatized, the
communications ministry will be scrapped from any future Cabinet.
By A Saleh
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