Egypt completes $5.9 bln in asset deals under first state ownership phase

Egypt has completed transactions worth $5.9 billion under the first phase of its State Ownership Policy Document, an official said, as the government launched an updated framework to expand private sector participation in the economy.

Osama El-Gohary, assistant to the prime minister, said the value of completed deals reflected progress in the government’s asset restructuring programme under the initial phase of the policy.

The announcement came during the launch of the second edition of the State Ownership Policy Document, attended by Prime Minister Moustafa Madbouly following a cabinet meeting.

The updated framework sets out Egypt’s next phase of economic restructuring, focusing on increasing private sector participation and improving returns from state-owned assets across key sectors.

The government has been pursuing a broader divestment strategy in recent years as part of efforts to attract investment, reduce the state’s role in competitive sectors, and support fiscal sustainability.

The second phase builds on the initial framework and is expected to guide further asset sales and restructuring efforts.

Attribution: Amwal Al Ghad English