Government approval must for disposal of state assets and buildings

In a significant step to enhance transparency, accountability, and governance standards across ministries and government entities, the Cabinet has issued a set of directives aimed at tightening control over the management of state-owned assets.

According to well-informed sources, the Cabinet has required all ministers to submit quarterly reports detailing the accomplishments and progress of their respective ministries and affiliated bodies. This measure aims to ensure systematic monitoring and evaluation of the government’s development plans, reports Al-Rai daily.

In addition, a circular has been issued mandating strict adherence to regulatory measures concerning government contracts.

All contracts entered into by ministries and government agencies must now be documented with detailed information, including contract durations and total financial value.

Most notably, the Cabinet has prohibited the disposal or sale of any state-owned assets, buildings, or shares without first obtaining prior approval from the Council of Ministers.

Any proposal for disposal must be accompanied by a comprehensive justification outlining the reasons behind the transaction and a clear assessment of its potential consequences on public interest.

These measures underscore the government’s commitment to uphold high standards of governance, ensuring that state resources are managed with utmost responsibility and that all decisions affecting public assets are subject to rigorous oversight.