Egypt to expand in IPO programme in next months – minister

Egypt to expand in IPO programme in next months – minister

Cairo – The Egyptian government aims to stimulate investments and encourage investors to expand their businesses and production projects in the country which will maximise the engagement of the private sector in the development process and increase its contribution to economic activities to 50% from 30% over the coming three years, the Minister of Finance, Mohamed Maait, said. The government will expand in its initial public offering (IPO) programme within the coming few months in order to widen the ownership base of state-owned companies and provide the private sector with an opportunity to contribute to these companies, especially after the successful IPO of e-finance, Maaait added in a statement on Tuesday. The Ministry of Finance is ready for implementing any incentive programme to support the industrial sector with the aim of enhancing the localisation of technologies, maximising production capacities, and boosting exports which will lead to strengthening the national economy and creating millions of jobs, Maait noted. var width=document.documentElement.clientWidth;if(width>=320&&width<728){}; googletag.cmd.push(function(){try{var d=document.documentElement.clientWidth;var a;var c="/21857811890/en.zcom/";var b;if(d>=320&&d<728){a=[300,250];b=["mobile_mr_story"]}else{a=[300,250];b=["MR_Story"]}var h="MR_Story";var g=googletag.defineSlot("/21857811890/en.zcom/",a,"div-gpt-ad-MR_Story").setTargeting("type",b).addService(googletag.pubads());gptAdSlots.push(g);if(h!="MR_Story"){googletag.pubads().collapseEmptyDivs(true,true)}googletag.pubads().enableSingleRequest();googletag.enableServices();if((h=="PSB_Left")||(h=="mobile_psb_left")||(h=="PSB_Top")||(h=="mobile_psb_top")||(h=="PSB_Bottom")||(h=="mobile_psb_bottom")||(h=="PSB_Middle")||(h=="mobile_psb_middle")||(h=="leaderboard_home")||(h=="leaderboard_bottom_home")||(h=="mobile_leaderboard_home")||(h=="mobile_leaderboard_bottom_home")){setInterval(function(){googletag.pubads().refresh([g])},240000)}}catch(f){console.log("Error loading Ad banner "+h)}}); try{googletag.cmd.push(function(){googletag.display("div-gpt-ad-MR_Story")})}catch(e){console.log("Error displaying Ad banner "+bannerName)}; These remarks came during an open dialogue with representatives from the business community and development partners during a conference organised by the Egyptian Businessmen's Association