2.66 Million Dinars Allocated To Update Telecom Investment Study

With the aim of updating the study to take advantage of the telecommunications industry in conjunction with the Public-Private Partnership Projects Authority, the Ministry of Communications has asked the regulatory authorities to permit it to directly contract for consultant services.

According to trustworthy sources who spoke to a local Arabic newspaper, the ministry set aside roughly 2.6 million dinars for direct contracts in order to carry out the Cabinet's resolution from last September regarding starting the processes required to profit from the telecoms industry.

According to the sources, the ministry will create thorough studies, determine the strategy's economic viability, and devise methods and mechanisms for doing so, including specific steps to take advantage of the telecommunications industry, especially since the implementation of any future projects through the PPP will permit the allocation of 50% of the total cost.

"The Partnership Authority Law will also enable the state to invest in the land it owns, in collaboration with a public entity, after signing a contract to build, develop, or renovate a service or infrastructure project and to arrange financing for it or manage and develop it within a specified period, after which it will be transferred to the state," explaining that the public transportation facility will be under the government's umbrella without trf.

Comments Post Comment

Leave a Comment

Submit