07:19 PM
Monday 13 June 2022
Books – Islam Lotfi:
Prime Minister Mostafa Madbouly said that the government has worked during the last period to inventory and evaluate the assets of the Egyptian state, and this is a very important effort that the Egyptian state is working on.
He added, during a dialogue session with some experts regarding the state ownership policy document, that there are 3 main dimensions that are taken into account during the exit of the Egyptian state from the economy, which is that the exit takes place gradually and in stages, taking into account the strategic dimensions of economic activities, and determining the methodology of dealing after the exit.
He pointed out that the principles governing the existence of the Egyptian state are competitive neutrality, review of procedures and strengthening the role of the competition protection authority.
He pointed out that through the document, it will be drawn up after the completion of the dialogue and a survey of experts’ opinions to develop a time plan, noting that there are directives from President Abdel Fattah Al-Sisi to liquidate $40 billion in state-owned assets within 4 years.