Madbouly: Assignments from the President to expedite the expiry of the document “State Ownership Policy” and its release soon


Dr. Mostafa Madbouly, Prime Minister, held a meeting today; To review the procedures for revitalizing the Egyptian Stock Exchange and attracting foreign investments, in the presence of Dr. Mohamed Maait, Minister of Finance, Ahmed Kagok, Deputy Minister of Finance for Financial Policies, Counselor Mohamed Abdel Wahab, CEO of the General Authority for Investment and Free Zones, and Dr. Mohamed Farid Saleh, President of the Egyptian Stock Exchange Sherine El-Sharqawy, Senior Assistant to the Minister of Finance for Economic Affairs, and Mai Adel, Advisor to the Minister of Finance for Financial Markets.

The Prime Minister began the meeting, noting that President Abdel-Fattah El-Sisi, President of the Republic, had been assigned to quickly finalize the “State Ownership Policy” document, which was prepared within the framework of preparing a national strategy for empowering the private sector, defining the activities of the presence of the state and the private sector, and its speedy launch Noting that the most prominent features of this document were presented to the Cabinet yesterday, and it is scheduled to be launched soon, and that there is another mandate from the President to support the Egyptian Stock Exchange, which contributes to increasing foreign investments, and therefore the government is working to take several incentive measures during this period. period, by developing a road map to achieve these goals.

During the meeting, a number of proposals and ideas that would contribute to increasing and attracting various investments, whether from inside or outside, were reviewed, thus contributing to the revitalization of the Egyptian Stock Exchange.

Ambassador Nader Saad, the official spokesman for the Presidency of the Council of Ministers, stated that there is a package of proposed incentives to revitalize the stock exchange that is currently being reviewed, after reviewing the observations made by a number of ministers during their presentation to the Council of Ministers, pointing out in this regard that it will be announced during the upcoming period.

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