Prime Minister Mostafa Madbouly has reaffirmed the government’s commitment to continuing its efforts to implement plans aimed at restructuring state-owned enterprises, with the goal of improving their operational and financial performance, maximising the utilisation of the state’s assets and resources within these companies, enhancing their competitiveness, and positively impacting numerous social and economic indicators.
The premier remarks came during a meeting he had on Monday with Deputy Prime Minister for Economic Affairs Dr Hussein Eissa, Minister of Finance Ahmed Kouchouk, Minister of Investment and Foreign Trade Dr Mohamed Farid, and officials from several relevant ministries to follow up on the latest developments regarding efforts to restructure, develop and improve the governance of state-owned enterprises.
During the meeting, the prime minister affirmed the continuation of the government’s privatisation programme through the offering of shares in several state-owned companies, in accordance with the vision and objectives of the State Ownership Policy Document.
This, he noted, aims to facilitate greater participation by private-sector institutions and enhance their role in contributing to various economic activities across numerous sectors and fields.
During the meeting, updates on the restructuring of several public-sector companies were reviewed. This included monitoring performance indicators and reform and development plans within these companies, as well as identifying promising investment opportunities.
The goal is to achieve optimal investment and economic returns by maximising the utilisation of these companies’ resources and capabilities.
