Empowering private sector is top State priority, key development target

Prime Minister Mostafa Madbouly affirmed that empowering the private sector remains one of the State’s top priorities and a key pillar of its development agenda.

He said the State Ownership Policy Document is a pivotal step to expand private-sector participation in the economy and foster a more attractive investment environment.

This came as the premier chaired, on Monday, a meeting of the Supreme Committee for the State Ownership Policy Document.

The meeting reviewed third-year implementation progress and discussed the proposed vision for the document’s updated version.

Madbouli stressed that, three years after the document’s launch, the State is keen to reassess its targets and priorities in light of the evolving economic and geopolitical environment in the region.

This, he said, aims to maintain efforts to strengthen the private sector’s role as a key partner in sustainable economic growth and job creation. It also targets boosting the competitiveness of the Egyptian economy regionally and internationally, he added.