The State Ownership Policy opened the door for the Egyptian, Arab, and foreign private sectors to participate in economic development efforts, Hossam Heiba, CEO of the General Authority for Investment and Free Zones (GAFI), stated.

In this Factsheet, we explore the progress of the state’s asset sale program and highlight its outcomes for Egypt.

Prime Minister Mostafa Madbouly held a meeting to follow up on the implementation of the government’s IPO program across the petroleum and public business sectors, reaffirming the state’s commitment to advancing the program in line with the State Ownership Policy Document.

Minister of Planning and Economic Development, and International Cooperation Rania Al-Mashat has announced the development of an integrated framework to enhance sustainability and financing for economic development following the merger of the ministries.

There is no issue with Egypt renegotiating certain terms in its agreement with the International Monetary Fund (IMF), Former Egyptian Deputy Prime Minister Ziad Bahaa El-Din said.

The Egyptian cabinet has greenlit a draft law regulating state ownership in fully-owned companies by the state or those in which it holds a stake.

A delegation from the World Bank has started discussing aspects of technical cooperation with the Egyptian government regarding the implementation of the State Ownership Policy Document, the Ministry of International Cooperation stated.