Egypt's PM chairs 1st meeting of higher committee on implementing State Ownership Policy Document
Egyptian Prime Minister Mostafa Madbouli chaired on Thursday the first meeting of the higher committee on implementing the State Ownership Policy Document approved by the president late last month.
Minister of Electricity Mohamed Shaker, Finance Minister Mohammed Maait, Housing Minister Assem El Gazar, Minister of Agriculture El Sayyed El Quseir, Minister of Local Development Hisham Amna along with other state officials attended the meeting.
During the meeting, Madbouli underlined the importance of the committee which was formulated upon the directives of President Abel Fattah El Sisi, based on the recommendations issues by the economic conference held in October.
The document emphasizes the state’s priorities of increasing the participation of the private sector to stimulate economic growth, increase exports, and provide employment opportunities and investments, he added.
Madbouli reiterated that this document does not mean that the State would sell its assets or withdraw from some sectors. The document identifies the sectors from which the state plans to withdraw, decrease, or increase its presence over the coming three years, he added.
Assistant Prime Minister Osama El Gohary, Head of the Information and Decision Support Center (IDSC), reviewed the committee's agenda which will include the steps for implementing the State Ownership Policy Document according to a specific timeframe. Read More…
