Egypt Outlines Broad Plan to Sell State-Owned Assets
CAIRO (Reuters) – Egypt has identified a wide range of government assets that it will offer to private investors as part of a government plan to fully withdraw from specific economic sectors as it seeks to attract $40 billion in investments over the next four years.
Egyptian Prime Minister Mostafa Madbouly said, “We aim in the next three years to raise the participation rate of the private sector to 65 percent of the total investments implemented” in the country from about 30 percent at the present time.