PROS AND CONS OF PRIVATIZATION IN THE MARITIME SECTOR IN EGYPT

Samy Ismail A. M. Youssef

DOI NO. https://doi.org/10.59660/45120 Received 25/8/2022, Revised 3/9/2022, Acceptance 15/10/2022, Available online and Published 1/1/2023

Abstract

Privatization is the transfer of ownership from the public sector to the private sector. In Egypt, began privatization in the early 1990s. Egypt has adopted a variety of methods to implement its privatization program, each method being different from the others. The implementation of privatization in Egypt has revealed many advantages and disadvantages. This paper clarified the positive aspects and the negative aspects. Also, reviewed the privatization of the maritime sector in Egypt and what are the pros and cons that will be reflected on the Egyptian economy as a result of privatization, as well as the impact of this privatization on the efficiency and performance of the maritime sector. Opposition to the idea of privatization concluded through this study that privatization will increase the capital of companies as well as will increase the financial liquidity in the state`s public treasury and also reduce the financial burden on the state`s general budget. In collecting data, the research relied on the survey to find out the pros and cons of privatization on the maritime sector in Egypt After analyzing the results of the survey, the researcher concluded that privatization has a positive impact on the maritime sector in Egypt