Privatisation of Oman's government-owned enterprises to raise OMR700mn by 2021
In order to enhance value creation for the economy, Oman is planning to expedite an effective privatisation programme for government owned enterprises (GOEs), generating around RO700mn by 2021. According to ISFU (Implementation Support & Follow-Up Unit -ISFU, tasked with overseeing timely execution of economic initiatives), the Ministry of Finance had to develop a new privatisation plan through GOEs holding companies. As part of the plan, all holding companies had to submit their five-year privatisation plan to the ministry for reviews. “The plan outlaid an aspirational target of OMR700mn for the value of GOEs transferred to private sector owners between 2017 and 2021,” ISFU stated in its annual report.
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