He stated that the government will pursue structural reforms to boost economic recovery, by empowering the private sector as the driver of development. He also said that the government offerings program aims to attract more investment flows, and increase the role of the private sector in economic activity. The program also seeks to raise the share of the private sector in public investments to 65% in the coming years, taking into account the golden license. Maait explained that the government IPO programme enhances the Ministry’s capacity to meet its financing needs, with a target of raising up to $6.5bn by the end of 2024. These policies should be aligned with the real objectives of the sectors that have strategic value and competitiveness, and the government efforts to increase private sector participation.

Source: Daily News Egypt February 14, 2024 09:31 UTC