Madbouly heads 1st higher committee meeting on implementing State Ownership Policy Document
Updated 1/22/2023 2:05:00 AM
Arab Finance: Egyptian Prime Minister Mostafa Madbouly chaired on Thursday, January 19th, the first meeting of the higher committee on implementing the State Ownership Policy Document, according to a statement by the cabinet.
The meeting was held in the presence of Minister of Electricity Mohamed Shaker, Finance Minister Mohammed Maait, Housing Minister Assem El-Gazar, Minister of Agriculture El-Sayyed El-Quseir, Minister of Local Development Hisham Amna, along with other state officials.
Madbouly highlighted the importance of the committee, which was formed upon the directives of President Abel Fattah El Sisi, based on the recommendations issued by the economic conference held in October 2022.
The Prime Minister reaffirmed that the State Ownership Policy Document does not mean that the state would sell its assets, or exit from all sectors, but rather promote the participation of the private sector to boost economic growth, increase exports, and offer job opportunities and investments.
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