Prime Minister Mostafa Madbouly convened a meeting at the government headquarters in the New Administrative Capital to review updates on the implementation of the State Ownership Policy and the government’s plan to reduce its presence in certain public companies. The session was attended by senior economic officials including Deputy Prime Minister Hussein Issa, Finance Minister Ahmed Kouchouk, Investment and Foreign Trade Minister Mohamed Farid, and representatives from the Sovereign Fund of Egypt.
Madbouly emphasized the government’s commitment to expanding private sector participation in the economy, noting that private investments have reached 56.5 percent of total investments in recent years, with expectations to exceed the 65 percent target within two years. He confirmed that 20 companies have already been temporarily listed on the stock exchange out of 30 announced under the offering program, with additional listings underway.
The Prime Minister highlighted that these efforts aim to maximize the value of state assets, attract foreign and local investment, and strengthen confidence in Egypt’s economic reform program. Officials also reviewed preparations for offering a stake in Misr Life Insurance and noted positive international feedback on the updated policy document, which underscores Egypt’s commitment to transparency and sustainable growth.
