Madbouly reviews restructuring targets for state-owned holding companies

Prime Minister Mostafa Madbouly held a meeting at the government headquarters in the New Capital on Tuesday evening to review the targets of the state-owned holding companies restructuring programme, as part of efforts to improve the management of state assets and maximise their economic returns.

The discussions focused on mechanisms for reorganising the affiliation of several holding companies, including the Holding Company for Construction and Development, the Holding Company for Tourism and Hotels, the Metallurgical Industries Holding Company, the Holding Company for Pharmaceuticals, Chemicals and Medical Supplies, the Holding Company for Cotton, Spinning and Weaving, and the Chemical Industries Holding Company.

The restructuring programme is aligned with the objectives of the State Ownership Policy Document, which seeks to redefine the state’s role in economic activity, maximise returns from state assets, improve their management and utilisation, and restructure and develop state-owned companies.

The programme also aims to enhance the operational and financial efficiency of the companies and strengthen corporate governance, while fulfilling commitments under the structural reform programme agreed with international development partners.

The meeting further underscored the importance of strengthening private-sector participation, attracting investment, improving resource allocation, and maintaining coordination, follow-up, and performance evaluation to support the government’s economic targets.

The meeting was attended by Deputy Prime Minister for Economic Affairs Hussein Issa, Minister of Finance Ahmed Kouchouk, Minister of Investment and Foreign Trade Mohamed Farid Saleh, Future of Egypt Sustainable Development Authority Chairperson Bahaa El-Ghannam, Assistant Presidential Adviser for Urban Planning Hisham El-Souefi, and Hachem El-Sayed, Assistant to the Prime Minister and CEO of the State-Owned Companies Unit at the Cabinet, alongside officials from the relevant ministries.

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