The review took place during a meeting at the Council of Ministers headquarters in the New Administrative Capital. The meeting included Finance Minister Ahmed Kouchouk, Public Business Sector Minister Engineer Mohamed Shimi, Investment and Foreign Trade Minister Engineer Hassan El-Khatib, Petroleum and Mineral Resources Minister Engineer Karim Badawi, Financial Regulatory Authority Chairman Dr. Mohamed Farid, EFG Hermes Holding Group CEO Karim Awad, and other senior officials.
Cabinet Spokesman Mohamed El Homossany said the premier
reiterated the government's commitment to complete the privatization programme
professionally and as quickly as possible, utilizing prominent experts from
both the public and private financial sectors. El Homsany noted that Madbouly
hosts regular weekly meetings to follow up on the file with relevant ministers
and officials.
The meeting also underscored the government's ongoing push
to support private sector investments, building on economic indicators that
show an increased private sector contribution to economic activity alongside a
noticeable reduction in public investments.
Efforts to prepare offering projects in several key sectors
were also reviewed, including telecommunications, banking, petrochemicals,
pharmaceuticals, mining, oil and gas, tourism, airports, and real estate.
Discussions covered developing and stimulating the Egyptian Exchange (EGX) as an investment platform for the privatization programme, which involves listing shares of state-owned companies on the bourse and offering stakes to strategic investors.