In a meeting at the New Administrative Capital, Madbouly met with the newly appointed Deputy Prime Minister for Economic Affairs, Dr. Hussein Issa, to outline the government’s economic priorities for the coming period.
Dr. Hashem El-Sayed, Assistant to the Prime Minister and CEO
of the State-Owned Enterprises (SOE) Unit, revealed during the meeting that the
government is currently preparing 60 state companies for restructuring, where 40
companies are slated for transfer to the Sovereign Fund of Egypt and 20
companies are being prepared for listing on the Egyptian Exchange (EGX).
Madbouly congratulated Dr. Hussein Issa on his new role,
noting that the restructuring of state firms and economic authorities would be
his direct responsibility. He emphasized that Issa’s extensive experience would
be vital in managing the transition.
The Prime Minister also discussed the administrative
consequences of President Abdel Fattah El-Sisi’s Decree No. 75 of 2026, which
abolished the Ministry of Public Business Sector. The meeting focused on the
legal and operational mechanisms for reassinging the companies that previously
fell under the defunct ministry’s jurisdiction.
The SOE Unit is tasked with overseeing these transitions to ensure efficiency and alignment with the state’s ownership policy.