Jordan cancels privatisation of two food suppliers

16 April 2008
The Jordanian government has cancelled the privatisation of two food suppliers in an effort to keep control of the distribution of food in the kingdom.

“Based on a recommendation made by the Executive Privatisation Commission, the cabinet decided to halt privatisation procedures of the Jordan Silos and Supply General Company and the Jweideh Flour Mill Company,” says Nasser Judeh, Jordan’s minister of state for media affairs and communications.

Jordan’s government is struggling to control soaring prices. The Department of Statistics says that inflation was 10.8 per cent over the year to the end of March. Prices of dairy products and eggs rose 31.7 per cent (MEED 15:4:08).

The cabinet has also exempted meat from import duties and sales tax, as part of its efforts to ease inflationary pressures on basic foods.

The government will try and recover the cost of the lost tax receipts by increasing sales tax on alcohol and tobacco.

A MEED Subscription...

Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.

Get Notifications