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Article
(4):
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A Ministerial
Committee for Privatisation shall be established and shall be constituted by a decision
of the Council of Ministers.
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Article
(5):
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The Ministerial
Committee shall undertake the following:
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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To propose the
manner of disposal of the proceeds of government asset sales in the Projects that
are Privatised.
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Any other subjects
relating to Privatisation referred to it by the Council of Ministers.
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Article
(6):
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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.
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>
Second: Technical Secretariat
of the Ministerial Committee for Privatisation
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Article
(7):
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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.
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Article
(8):
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The Technical
Secretariat referred to in the preceding article shall be responsible for the following:
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Conduct studies
and submit proposals and programmes relating to Privatisation.
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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.
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Submission of
the Technical Committees and Task Forces proposals to the Ministerial Committee
for Privatisation.
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Proposal of
regulatory procedures.
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Coordination
with the Ministry of Finance in matters relating to the sale of government interests
in companies.
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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.
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Preparation,
in co-ordination with the Tender Board, of documentation relating to the tendering
offers and tendering procedures and the manner of advertising.
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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.
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Participation
with concerned authorities in negotiations relating to the Privatisation process.
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Follow-up of
the Privatisation process and preparation of periodic reports regarding the implementation
of Privatisation Projects.
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Proposal of
criteria and necessary rules and preparation of periodic reports regarding the implementation
of Privatisation Projects; and
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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.
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Article
(9):
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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:
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Necessary facilities
to the experts and consultants who are assigned by the Ministry to perform required
works;
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Comply with
the rules and regulations of the work according to the guidelines issued by the
Ministry; and
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To provide the
necessary information required by the Ministry regarding the companies that have
been Privatised.
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Article
(10):
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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.
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