From the state firms’ perspective with the priority of ensuring no loss to state capital, investments in innovation pose high risks due to its uncertain nature, which could translate into successes into the long term or not.

The rights of doing business have mainly been in the area of “what”, while “how” and “how much”, among others, still have much to be discussed, said an expert.

The public capital must be allocated based on market principles, said an expert.

Tight liquidity is considered the main reason for difficulty that any investor who would like to take advantage of the country’s economic growth is facing.

In 2019, nine state firms were supposed to proceed with privatization, but only three in the prime minister-approved list for privatization completed the process.