OPEN// PM: Offering of several state-owned companies for private institutions to manage them
CAIRO, April 9 (MENA) – Prime Minister Moustafa Madbouli said on Wednesday that several cooperation agreements have been signed by the Sovereign Fund of Egypt, the National Service Projects Organization (NSPO) of the Armed Forces, and a group of specialized local and international consulting offices with regard to restructuring and managing the listing of several companies affiliated with the NSPO.
During a press conference held following the weekly Cabinet meeting, the premier added that these agreements are part of the measures taken by state bodies concerned with implementing the government's listing program.
This involves offering many state-owned companies to private sector institutions for management and operation, in line with Egypt's State Ownership Policy Document.
The prime minister stated that the agreements for listing companies under the NSPO include the National Company for Petroleum, Chillout, Silo Foods Industries, Safi, and Watanya Company For Roads.
Under the agreements, offering of some companies will be finalized in 2025 with the rest to be completed in 2026.
Meanwhile, the premier said he followed up progress in the the project to develop the Pyramids archaeological area after the pilot operation of the Pyramids' entrance from Fayoum's direction.
Madbouli also referred to reviewing ways to utilize the down town Cairo's 'ministries' square' while preserving its architectural nature and heritage. He said that the area, which used to house the government's headquarters, will be offered for re-utilization in June. (MENA)
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