VOL.XXXIXNo. 65/6623/30-December-1996KUWAIT

Privatization:A Kuwaiti Perspectiveby Yousef A. Al-AwadiThe following is the text of a speech delivered in London on 9December by Dr. Yousef A. al-Awadi, President of theKuwait Investment Office (KIO), at a seminar on "Privatizationin the Arab World" organized by the Arab Bankers Association.What Is Privatization?Generally, privatization is the total or partial transfer ofownership or management of state-owned enterprises orassets to local or...