And above all, it pays the Ministry of Finance all the taxes that should be the primary source of government revenue, not private investment. Lastly, we need to address another myth promoted by those who advocate for privatization where management is transferred while ownership remains with the state. This notion has been the reason for the failure of many divestment projects and the expansion of private sector ownership for more than one reason. Perhaps the State Ownership Policy document could serve as a foundation for drawing clear lines between the activities in which the state should continue and those from which it should exit. He served as Deputy Minister of Supply and Internal Trade in Egypt and is currently the Chairman of Arab Alloys.

Source: Egypt Independent November 16, 2024 15:17 UTC