URGENT: Egypt approves second phase of state ownership policy to 2030
Airports, banking, telecoms and tourism among priority sectors for new state asset offerings
Egypt’s Cabinet approved on Wednesday the second phase of its State Ownership Policy Document through 2030, expanding plans to restructure public assets and increase private-sector participation in key industries.
The updated framework, titled “Deepening Reform and Maximising Impact (2026–2030),” outlines plans for additional state asset offerings, with airports, banking, telecommunications, and tourism among priority sectors, the statement said.
The new document outlines criteria for divestment decisions—including strategic importance, investor appetite, and expected fiscal impact—and categorises assets as either ready for sale or in need of restructuring.
It also calls for periodic reviews of asset sale plans and a gradual reduction of state involvement in competitive sectors, alongside efforts to improve the performance of state-owned enterprises.
The policy aims to expand the role of the private sector in economic activity and increase its contribution to growth and employment by 2030, according to the government.
Proceeds from asset sales are expected to support fiscal consolidation and finance priority development projects.
The reform plan also includes measures to strengthen competition policy, enhance regulatory oversight, and improve market efficiency to attract investment.
Attribution: Amwal Al Ghad English