Amid the eruption of a fiscal crisis from declining oil prices and the rise of economic diversification initiatives to foster private-sector development, members of the Gulf Cooperation Council (GCC) have increasingly recognised the importance of privatisation as a reform measure for underperforming state-owned entities. This article reviews the surrounding objectives of privatisation and presents an optimal privatisation programme structure for GCC policymakers that caters to the requirements of the modern day. Lessons learnt from privatisations of developed countries may not be directly applicable; thus, the recent success case in the region embodied by the Kuwait Stock Exchange privatisation is incorporated to settle upon a recommended privatisation programme structure relevant to the GCC. Though the fiscal crisis for the GCC is only beginning, rushing towards privatisation without careful planning of the programme is inexcusable.

在油价下跌引发的财政危机和促进私营部门发展的经济多元化举措兴起之际，海湾合作委员会 ( GCC ) 的成员越来越认识到私有化作为改革措施以应对业绩不佳的国有企业的重要性。实体。本文回顾了私有化的周边目标，并提出了GCC的最佳私有化计划结构迎合现代需求的政策制定者。发达国家私有化的经验教训可能无法直接适用；因此，该地区最近以科威特证券交易所私有化为代表的成功案例被纳入，以解决与GCC相关的推荐私有化计划结构。虽然海湾合作委员会的财政危机才刚刚开始，但在没有仔细规划项目的情况下急于私有化是不可原谅的。