Certain enterprises that were established some time ago to achieve objectives such as providing public services and promoting strategic economic activities have become nonfunctional due to the incompatibility of the objectives of their establishment with the present, the incompatibility with market requirements, the impracticability of their further maintenance, and the lack of financial performance.
It has been identified that it is appropriate to close down various categories of state enterprises, such as statutory bodies, state corporations, and state-owned companies that do not make a meaningful contribution to the national economy or provision of public services, rather than continuing to operate them as a burden on the government.
Accordingly, the Cabinet of Ministers has approved the proposal presented by the President, in his capacity as the Minister of Finance, Planning, and Economic Development, to liquidate
33 public enterprises that are not at a functional level in two stages under the supervision of the Special Liquidation Unit established under the aforementioned Ministry
