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PM oversees performance push for Egypt economic bodies

Businessmen Team news 29 December 2025 04:08 PM
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PM oversees performance push for Egypt economic bodies

Prime Minister Dr. Moustafa Madbouly chaired a high-level meeting on Monday to review the restructuring of Egypt’s state-owned economic entities, part of a broader government push to improve efficiency and maximize the use of state assets.

A specialized committee tasked with reforming 59 state entities has reached a preliminary agreement to retain 39 organizations, liquidate four, and merge seven others. An additional nine entities will be reclassified as general administrative bodies.

A primary focus of the meeting was the National Media Authority (NMA), the body overseeing Egypt's historic Maspero state broadcaster. Madbouly emphasized the NMA’s role in "shaping national character" and pledged full government support to help the institution regain its regional leadership.

NMA Chairman Ahmed El-Moslemany announced several modernization steps, including:

Digital Transformation: The imminent launch of a dedicated digital platform to leverage Maspero's massive archival library.

Social Media: Contracting a specialized firm to manage the authority’s social media presence for the first time.

Streamlining: Plans to merge underperforming television channels and reform the "Sout al-Qahira" (Voice of Cairo) production company and its advertising wing.

El-Moslemany is expected to present a comprehensive development and restructuring plan by the end of January.

Minister of Planning and Economic Development Dr. Rania Al-Mashat noted that structural reforms are a "government priority" to increase the contribution of these entities to the national GDP.

The meeting also addressed long-standing financial entanglements between the NMA and the National Investment Bank, aiming to clear debts and bureaucratic hurdles that have previously stalled reform efforts.

Dr. Hussein Issa, head of the committee’s technical secretariat, stressed that while critical entities like the NMA will be preserved, they must adopt new operating models to achieve financial sustainability and maximize resources.