The Executive Privatization Commission (EPC) was established by virtue of the Privatization Law no.25 of 2000 to assume the primary role in the implementation of Jordan’s PrivatizationProgram. Pursuant to the law, EPC has been entrusted with: Carrying out studies on restructuring and privatization transactions in coordination with the concerned bodies, and making recommendations to the Privatization Council; Following up the execution of restructuring and privatization transactions after the consent of the Council of Ministers on the Council’s resolutions in this matter has been obtained; and, any other responsibilities related to restructuring and privatization transactions assigned to it by the Privatization Council or by the Council of Ministers.

EPC has, during the past twelve years, successfully completed 71 transactions yielding considerable proceeds coupled with sizeable investments associated with privatization. The completed transactions which  included over nine major projects involved partial and total restructuring of relevant sectors. Such transactions covered an array of vital sectors such as the mining, civil aviation, telecom and electricity sectors.  Furthermore, the restructuring and privatization of such sectors laid the foundation for an environment conducive to private investments through more regulated institutional and legal frameworks. 

In compliance with the objectives of Jordan’sEconomic Initiatives, the Public-Private-Partnership Program has been endorsed by the Cabinet. The Executive Privatization Commission has been officially designated, in February 2006, to assume the primary role in the implementation of the PPP program in various sectors.  In retrospect, EPC role has been expanded to encompass, parallel to privatization, the development and implementation of the PPP program while strengthening the enabling environment.

In this respect, and pursuant to Article 20 of the Privatization Law, EPC prepared Regulation no. 20 for the year 2008 which was endorsed by the cabinet and issued in August 2008. Moreover, and in cooperation with international consultants and line ministries, EPC is identifying and assessing potential projects for Public-Private-Partnerships to be tendered to local and international investors.

EPC pursues its commitment and dedication towards enhancing a more proactive role of the private sector with the main objective of achieving socio-economic prosperity in the country and reducing the burden off the Government budget.