Egypt’s Prime Minister Mostafa Madbouli held a high-level meeting on Saturday, Feb.4, to review a government plan to list state-owned enterprises on the Egyptian Exchange (EGX) in 2023.
According to the Cabinet media center, Madbouli said: “The program is regarded as the executive phase of the State Ownership Policy Document, which was issued following the 2022 Economic Conference.”
“It aims to supplement the government's efforts to enhance the role of the private sector in economic activity, provide an appealing and favorable environment for investment, and so increase economic growth rates,” he explained.
In the same connection, Madbouli noted that the meeting aimed at approving the final details of the state plan, adding that the initiative will run throughout the year and will provide shares in over 20 firms.
The meeting featured appearances by the Central Bank of Egypt Governor Hassan Abdalla, Minister of Planning and Economic Development Hala el Saeed, Minister of Finance Mohamed Maait, top officials from the appropriate ministries, and the Egyptian Sovereign Fund.
They discussed the positions of corporations in various industries that would be included in the program, as well as its executive processes and timeframe.
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