Privatization Program

With the enactment of the Privatization Act No: 4046, an autonomous government body, the Privatization Administration has been set up with the task of the implementing an immense privatization program over the next 5 years. 5 Billion US Dollars worth of sales of State Economic Enterprises is planned in 1995.

Government stakes in the telecommunication, air transport, textile, iron, and steel, petrochemicals, and oil sectors will be sold as block sales particularly to foreign investors.