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Government reviews major restructuring of state-owned entities

Businessmen Team news 16 February 2026 10:13 PM
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Government reviews major restructuring of state-owned entities

Dr. Moustafa Madbouly, Prime Minister, met today with Dr. Hussein Issa, Deputy Prime Minister for Economic Affairs, to follow up on developments in the restructuring and development of economic authorities, as well as state-owned companies.

At the beginning of the meeting, the Prime Minister stressed that restructuring economic authorities is among the top priorities on the government’s agenda during the current phase. He emphasized the need to intensify efforts to accelerate executive procedures aimed at enhancing efficiency, improving economic and administrative performance, and supporting these entities in fulfilling their assigned roles in line with state objectives.

During the meeting, Dr. Issa reaffirmed the continued follow-up on the development of economic authorities. He noted that a meeting is scheduled for tomorrow with officials of the General Authority for Reconstruction and Agricultural Development Projects, followed by a meeting on Wednesday with Ahmed Al-Maslamani, Chairman of the National Media Authority.

He added that a subsequent meeting will be held regarding the New Urban Communities Authority to review its development plan and marketing strategy. Another meeting will also be held with the General Authority for Supply Commodities, which has submitted its development plan.

Discussions will also be held with Lieutenant General Engineer Kamel Al-Wazir, Minister of Transport, on the status of upgrading the Egyptian National Railways and the Cairo Metro.

Meanwhile, the Deputy Prime Minister said that work is currently underway to review and update the State Ownership Policy document in order to support the state’s goals of increasing private sector participation in various economic activities.

He also pointed out that a meeting will be held tomorrow with leaders of the public business sector to ensure the continuity of operations and manage key files of several affiliated companies, in line with the state’s strategy to enhance economic efficiency and establish a unified vision for managing state-owned enterprises.

Regarding company restructuring, Dr. Issa stated that files related to 40 companies proposed for transfer to the Sovereign Fund of Egypt are currently under review. He added that procedures are underway to temporarily list 20 other companies on the Egyptian Exchange ahead of their final listing, bringing the total to 60 companies in line with the presidential mandate.