Egypt's government is seeking to attract $5 billion from the offering of power plants and state-owned companies from October 2023 until the end of June 2024, according to a report on the Government IPO Programme issued by the Cabinet's Information and Decision Support Center (IDSC).
The IDSC's latest report showed that the Egyptian government tends to offer stakes in the Siemens Beni Suef power plant, Gabal El-Zeit wind power plant, and Zafarana wind farm, in addition to Safi and Watanya, companies owned by the military.
The State Ownership Policy Document outlines the government's intention to provide shares in 35 state-owned companies to strategic investors by June 2024.
In February 2023, a list of 32 companies was announced, and this year, three additional companies were included: Eastern Company, Al Ezz Dekhila, and Telecom Egypt.
The Egyptian government said earlier that it collected $5 billion from offering stakes in 13 companies between March 2022 and July 2023.
Follow the latest news on Google News
