Jordan Post to Privatize in October

Jordan expects to finalise a policy on how to privatise its postal services within the next three months. The Hashemite kingdom – which hopes to have all its citizens connected by 2004 – has selected J.P. Morgan as financial advisor for its planned public offering of part Jordan Telecom shares this October. And, it expects interest from Etisalat [Emirates Telecommunications Corporation], according to Dr. Fawaz Al Zu’bi, Jordanian Minister for Information and Communications Technology. ‘We expect and hope that Etisalat would show interest in Jordan and in all centres around us,’ Al Zu’bi told Gulf News in an exclusive interview here yesterday. He was here to address a Jordanian Business Council dinner meeting.” Gulf News: “‘We have completed the corporatisation of the postal services. It is not operated by the ministry any more. There is now a board of directors and a managing director, and immediately we are moving over the next three months to finalise a policy on how to privatise it,’ Al Zu’bi said.