Egyptian Prime Minister Mustafa Madbouly stressed that the concept of the state’s withdrawal does not imply selling, as it was agreed that if the state resorted to this issue, the focus will be via offering businesses on the stock exchange.
He clarified that the government is eager to adopt the partnership approach with the private sector during the economic conference’s closing session in the presence of Egyptian President Abdel Fattah El-Sisi, noting that all operating costs to the private sector and provide all means of support to the private sector.
The government’s commitment to maintaining competitive neutrality was emphasised by the prime minister, who added: “This was translated by the revisions in the legislative and regulatory frameworks to expand the role of the competition protection agency.
He emphasised how the businesses listed on the stock exchange were supposed to extend the leadership of the royal leaders to the people.
Source: The seventh day.
The objective of listing state enterprises on the stock exchange is disclosed by the Egyptian Prime Minister.
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