The law, number 170 of 2025, regulates the state's ownership in companies it owns or in which it holds shares.
The meeting was attended by Minister of Planning, Economic
Development and International Cooperation Dr. Rania Al-Mashat, Finance Minister
Ahmed Kouchouk, and economic expert Dr. Hashem El-Desouky.
According to a statement from Mohamed El-Homsani, the
official spokesperson for the cabinet, the meeting discussed proposed
mechanisms for implementing the law. He noted the law’s significance in
empowering the private sector and governing the state’s presence in economic
activities.
The spokesperson highlighted the government's determination
to divest from some of its holdings, in line with its ongoing privatization
program and the sovereign wealth fund's efforts to maximize asset value.
During the session, participants emphasized the need for a swift agreement on specific mechanisms to accelerate the law's implementation, given the large number of state-owned companies and the complexity of their various holdings across different sectors.