The Kuwait Privatization Law 2010

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The Kuwait Privatization move aims to maintain the equilibrium between the public and private sector under the framework of fair cooperation between them for the purpose of achieving economic development, increasing production, encouraging the role of Private sector in the national economy, raising living standard and achieving prosperity.

In order to the privatization process and programs to advance easily and conveniently, the law was developed to address all the major issues related to privatization, especially the processes of transferring public projects into joint stock companies, protecting the rights of national manpower, controlling prices and the controls which govern transacting with the revenues arising from the privatization process.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Rajesh Gandhi, The Law Firm of Labeed Abdal | Attorney Advertising

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