ÕThe Egyptian Economic Conference 2022 – which was attended by President Abdel Fattah El Sisi – announced on Tuesday 25/10/2022 reaching several key recommendations and proposals which were reached in light of opinions of participating experts and specialists. The conference’s recommendations called for promoting the role of the non-banking financial sector and activating a program for expanding the ownership base of state-owned companies through the stock market. The ministry was also asked to continue preparing a legislation for facilitating measures for establishing financial companies with the aim to invest in emerging firms. Within the framework of promoting the private sector’s participation, the recommendations included governance of state-owned assets. Also they urged for launching an investment promotion campaign and expanding logistic and economic zones, especially in Upper Egypt.

Source: Egypt Independent October 28, 2022 02:38 UTC