Privatizations in Morocco were initiated by the Moroccan government in the early 1990s, following a policy of privatization of certain economic sectors which used to be in the hands of the government. Privatizations started in earnest in 1993, and advanced at a steady pace, averaging one sale of a public company per month. Raising more than US $1 billion in revenue plus investment commitments of another US $260 million, by the end of that year.^[1] The number of partly or fully privatized companies in Morocco between 1993 and 2005 reached 66 earning overall MAD 75.5 billion.^[2] The various industries affected include airlines, telecommunications, large industrial projects, and tourism. In the agricultural sector, the government plans to sell off agricultural lands currently managed by state farms.