Egypt's Deputy Prime Minister for Economic Affairs, Dr. Hussein Issa, recently chaired a meeting to review the executive plan for the state's ownership policy (2026-2030). The meeting was attended by several high-ranking officials, including the Minister of Planning and Economic Development, Dr. Ahmed Rustam, and the Assistant to the Prime Minister, Dr. Osama El-Gohary. The plan aims to enhance the role of the private sector in the economy.
The state ownership policy reflects the government's commitment to empowering the private sector and promoting a more competitive and attractive investment environment. Dr. Issa emphasized that the plan seeks to finalize the executive framework, ensuring a comprehensive and measurable approach. This policy aims to transition from a general framework to a fully executable plan with clear objectives and evaluation metrics.
Dr. Issa highlighted the importance of enhancing the private sector's role in driving economic growth and promoting sustainable development. The government is working to create an enabling environment for the private sector, encouraging foreign investment, and improving the national economy's competitiveness. This approach aligns with the government's efforts to boost economic growth and enhance the business climate.
Dr. Osama El-Gohary presented an overview of the executive plan, which focuses on deepening reform and maximizing impact. The plan was open for public consultation and stakeholder engagement, incorporating expert opinions and recommendations. El-Gohary emphasized that the plan aims to promote competition, fairness, and an open economy, while improving the management of state-owned assets.
The executive plan includes 31 main programs and around 100 executive actions, aiming to support and empower the private sector, attract investments, and enhance the governance of state-owned enterprises. Dr. Hisham El-Sayed, head of the State-Owned Enterprises Unit, highlighted that the plan is aligned with the country's economic priorities and includes clear timelines, outcomes, and performance indicators.
The plan's implementation involves various government agencies, with a focus on clear roles, responsibilities, and monitoring mechanisms. This approach will enable regular evaluation and assessment of progress, ensuring the achievement of set objectives. The government aims to create a more favorable business environment, promoting economic growth and sustainable development.
The Egyptian government's efforts to empower the private sector and promote a more competitive economy are ongoing. The state ownership policy is a key component of this strategy, aiming to enhance the role of the private sector in driving economic growth and sustainable development. The government is working to finalize the executive plan, ensuring a comprehensive and effective approach to achieving its objectives.
Key points
- The Egyptian government is reviewing a plan to empower the private sector through its state ownership policy (2026-2030).
- The plan aims to enhance the role of the private sector in driving economic growth and promoting sustainable development.
- The executive plan includes 31 main programs and around 100 executive actions to support and empower the private sector.
