Egypt’s PM reviews energy sector divestment plan

Egypt’s Prime Minister Moustafa Madbouly convened a meeting on Sunday to assess the progress of the energy sector divestment programme, aimed at increasing private sector involvement and investment in key energy projects.

The meeting focused on advancing the government’s strategy to attract private investment through IPOs in energy sector projects.

Prime Minister Madbouly emphasised the government’s commitment to implementing the State Ownership Policy Document, which includes a focus on divestment as a key mechanism for encouraging private sector participation.

The meeting also discussed collaboration between the Ministries of Electricity and Investment, along with the TSFE to promote upcoming state share sales in the energy sector. The government aims to attract significant investments, particularly in renewable energy, which continues to see growing global interest.

The discussions also covered the next phase of the divestment programme, with a focus on energy projects, particularly in renewable energy. These efforts are expected to strengthen Egypt’s energy sector and contribute to the country’s broader economic objectives.

Attribution: Amwal Al Ghad English

Subediting: M. S. Salama