Egypt’s Prime Minister Mostafa
Madbouli announced the launch of a digital platform for experts and
members of the business community to discuss with the government the newly-announced
State Ownership Policy Document that delineates the state's presence in
economic sectors.
The government had announced in May that it would be holding a three-month societal dialogue on the document.
The State Ownership Policy Document identifies the sectors from which the state plans to withdraw, decrease, or increase its presence over the coming three years.
Over the next three years, the private sector's participation in public investments will rise to 65 percent, up from 30 percent currently, Madbouli said in a panel discussion today with a group of experts and specialists.
Madbouli said that this is part of the state’s plan to maintain a growth of 7 percent or more for the Egyptian economy in the coming period despite global challenges.
Officials, economists and representatives from the parliament, the private sector, the academic community, the Federation of Egyptian Industries, and the Federation of Egyptian Chambers of Commerce attended the discussions Monday.
Source: Al-Ahram Online
