Chapters:

Chapter One  |  Chapter Two  |  Chapter Three  |  Chapter Four  | Chapter Five

Chapter Three: The Entities Responsible for the Implementation of the Privatisation Programme

First:   Ministerial Committee
 

Article (4):

A Ministerial Committee for Privatisation shall be established and shall be constituted by a decision of the Council of Ministers.

Article (5):

The Ministerial Committee shall undertake the following:

1. To determine the sectors and projects intended to be Privatised and submit the same to the Council of Ministers to take the appropriate decision in respect thereof.

2. To discuss the studies and Privatisation Project programs submitted by the Ministry in respect of the financial, administrative and legal aspects of such Projects prior to its Privatisation and submit recommendations in respect thereof to the Council of Ministers.

3. To set up clear rules for the Privatisation process within the scope of this law as to the mechanisms and policies to be applied for the implementation of the project Privatisation process and to determine the time plan for it.

4. To make the decisions relating to the appropriate work mechanisms and timing for the Privatisation within the framework of the programme approved by the Council of Ministers.

5. To follow up the procedures approved by the Council of Ministers for the implementation of the Privatisation programme in different sectors and to propose suitable solutions to any obstacles encountered.

6. To review the approved basis and principles for the Privatisation process continuously and suggest updates and development of them as may be appropriate to local needs in order to cope with the qualitative developments in the area of Privatisation at the international level.

7. To discuss the proposals of the Technical Secretariat for Privatisation in regard to the employees working in the Privatised Projects including training and qualification plans and to take necessary decisions in respect thereof.

8. To propose the manner of disposal of the proceeds of government asset sales in the Projects that are Privatised.

9. Any other subjects relating to Privatisation referred to it by the Council of Ministers.

Article (6):

The Ministerial Committee shall submit its recommendations in respect of Privatisation strategy and the manner and procedures for implementing it and the manner of disposal of sale proceeds to the Council of Ministers in order to take the appropriate decision in respect thereof.

Second: Technical Secretariat of the Ministerial Committee for Privatisation

Article (7):

The Directorate General of Private Sector Affairs of the Ministry shall undertake the discharge of the functions of the Technical Secretariat of the Ministerial Committee for Privatisation.

Article (8):

The Technical Secretariat referred to in the preceding article shall be responsible for the following:

1. Conduct studies and submit proposals and programmes relating to Privatisation.

2. Study of the proposals referred to it by ministries and other government units in respect of the manner and means of Privatisation and restructuring and to submit proposals and recommendations in respect thereof to the Ministerial Committee for Privatisation.

3. Submission of the Technical Committees and Task Forces proposals to the Ministerial Committee for Privatisation.

4. Proposal of regulatory procedures.

5. Coordination with the Ministry of Finance in matters relating to the sale of government interests in companies.

6. Preparation of proposals relating to the implementation procedure in respect of the basis and rules relating to the employees in the sectors and Projects which are Privatised as stipulated in this law.

7. Preparation, in co-ordination with the Tender Board, of documentation relating to the tendering offers and tendering procedures and the manner of advertising.

8. Ensuring compliance with the public, transparent and impartial approaches in the different stages of Privatisation implementation process and contribute in the announcement of the programmes through the preparation and organization of seminars and workshops relating to Privatisation through different mass media.

9. Participation with concerned authorities in negotiations relating to the Privatisation process.

10. Follow-up of the Privatisation process and preparation of periodic reports regarding the implementation of Privatisation Projects.

11. Proposal of criteria and necessary rules and preparation of periodic reports regarding the implementation of Privatisation Projects; and

12. Performance of any other works assigned to it by the Ministerial Committee for Privatisation.

The Technical Secretariat shall submit its recommendations and proposals to the Ministerial Committee for Privatisation for approval.

Article (9):

All ministries, government units, public corporations and institutions, companies, and individuals shall be obliged to provide information data and studies as may be required by the Ministry or the Technical Secretariat, and in particular the following:

1. Necessary facilities to the experts and consultants who are assigned by the Ministry to perform required works;

2. Comply with the rules and regulations of the work according to the guidelines issued by the Ministry; and

3. To provide the necessary information required by the Ministry regarding the companies that have been Privatised.

Article (10):

The Ministry may appoint consultants and experts in different specializations and constitute different committees in order to discharge the functions assigned to it in relation to the Privatisation process.

Chapters:

Chapter One  |  Chapter Two  |  Chapter Three  |  Chapter Four  | Chapter Five