Kuwait approves public shareholding firms

27 May 2010

Kuwaiti legislators have approved plans to set up public shareholding firms to build electrical power and water desalination plants, as part of a privatisation drive in the country, Reuters has reported. According to the new law, a 26% stake will be offered in an auction for each company formed. The government will own a 24% stake, and the remaining 50% will be offered to Kuwaiti investors.

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