Egypt exits 62 economic activities to leave room for private sector: Finance Minister

Egypt exits 62 economic activities to leave room for private sector: Finance Minister

Minister of Finance Mohamed Maait has affirmed that the global crises have proven the validity of the Egyptian vision in launching development projects, which contributes to maximizing production and export capabilities.

Maait said, during an open dialogue with professors and students of Misr University for Science and Technology: “The state ownership political document approved recently by President Abdel Fattah Al-Sisi opens up broad horizons for the participation of the private sector in achieving growth based on production and export, as the state exits from 62 economic activities to create promising and diverse opportunities to empower the private sector, in line with the efforts of a supportive environment to local and foreign investments in a way that contributes to enhancing the economic wheel and providing sufficient financial space to expand the umbrella of social protection for vulnerable groups that top presidential priorities in light of global crises.

He added: “We must plant and manufacture … produce and export … and rediscover promising opportunities, and this is what the government is working on in its various agencies, in implementation of the directives of the political leadership, in a way that was reflected in the keenness to reduce burdens on production units in various sectors.”

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