The Cabinet has approved the formal closure of 33 state-owned enterprises that are currently non-operational. These enterprises, established in the past to provide public services and promote strategic economic activities, no longer align with their original objectives and fail to meet current market demands. Many have become inactive due to practical irrelevance, poor financial performance, or inefficiency.
Rather than continuing to bear the financial burden of maintaining institutions that do not meaningfully contribute to the national economy or public service delivery, it was determined that these entities—including statutory bodies, state institutions, and government-owned companies—should be formally wound up.
The decision follows a proposal presented by the Minister of Finance, Public Administration, and Economic Development, taking into account financial, procedural, and economic development considerations. The closures will be carried out under the supervision of a special winding-up unit established within the ministry, as part of a phased plan under Stage 02 of the initiative.
