Egypt plans to involve the private sector in state-owned assets of $ 10 billion annually

Egyptian President Abdel Fattah El-Sisi said on Tuesday that he had instructed his government to announce a program for private sector participation in state activities, with a goal of $ 10 billion annually over a four-month period. years, quoted Extra News TV Egyptian President Abdel Fattah El-Sisi said Tuesday.

Egyptian state television also sued Sisi for saying he instructed the government to quote in stock exchange owned companies of the armed forces by the end of quest’year. Al-Sisi had previously announced plans to go public in stock the military-affiliated companies, but did not specify a time frame for this.

“The government is tasked with announcing a clear plan that will be followed to reduce the public debt in percentage of GDP, “added Sisi during the Egyptian family’s breakfast feast.

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