Egyptian Prime Minister announced the launch of a digital platform for the business community and the private sector to discuss with the government new state ownership policy document.
The newly-launched digital platform aims to enhance the mechanisms of communication between the government and the private sector, empowering the private sector to participate with the government in economic policymaking.
The platform will also enable experts and specialists to share their opinions and suggestions, and participate in the dialogue regarding the different sectors included in the policy document.
According to the government’s statement, 50% of Egypt’s GDP is assets owned by the state compared to other and that shows that the State’s economic presence is higher than assumed.
The state ownership policy document entails sectors that the state plans to withdraw or decrease its presence over the coming three years. The document also states that the private sector’s participation in public investments will be increased in the coming three years to 65% from the current 30% with the goal of maintaining a growth of 7% or more for Egypt’s economy in the coming period despite global challenges.
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