His Majesty King Abdullah on Sunday stressed the importance of building on the outcome of the Privatisation Evaluation Committee (PEC) report by utilising its results in drawing up economic strategies, and boosting the partnership between the public and the private sectors.

During a meeting with PEC members, attended by Prime Minister Abdullah Ensour, who had received the report earlier Sunday, King Abdullah commended the committee’s efforts, stressing that the government should conduct an in-depth study of the report to assess the reality on the ground.

The government should adopt the panel’s recommendations as it devises future strategies, in accordance with the directives appearing in the Royal letter to the premier on Saturday.

The committee’s report coincided with the letter in which His Majesty called for drawing up a clear plan on the economy for the coming decade.

In the letter, the King said it is of utmost urgency that the government devises an economic blueprint to guide our national economy over the next 10 years. This economic blueprint should have a comprehensive framework targeting the following: enhancing financial and monetary policies and assuring their consistency; improving economic competitiveness; enhancing values of high productivity and self-reliance to realise sustainable and comprehensive development; and securing “decent living standards and a promising bright future for the men and women of our beloved Jordan”.

His Majesty highlighted the need to benefit from the report and to have it published so that everybody may have a chance to get acquainted with its content, noting that success is not determined by not making mistakes, but through the ability to draw lessons from them.

At the meeting, the King was briefed by Omar Razzaz, who heads PEC, on the different aspects and course of the committee’s work since its formation, and the stages that the report, which was submitted to the government, had gone through.

Razzaz highlighted foremost of the results included in the report, noting that the committee based its assessment of the privatisation process “on facts and figures”.

The meeting was also attended by Royal Court Chief Fayez Tarawneh and Director of King’s Office Imad Fakhoury.