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09-01-14

Privatization of Qatar's firms improves efficiency

(MENAFN) The decision to privatize key public sector companies in Qatar have significantly helped to improve their efficiency and performance in a big way, The Peninsula Qatar reported. The decision to privatize the firms in the power, water and telecom sectors was very critical as it helped liberate key sectors from bureaucracy. The head of Management Consulting, KPMG Qatar said: "Emerging economies continue to close the gap with the developed world and their increasing growth rates make them an attractive destination for businesses worldwide."