Economic committee discuss use of stateowned assets

The economic ministerial committee convened Monday under Acting Prime Minister and Minister of Housing and Urban Communities Mostafa Madbouli to discuss luring domestic and foreign investments as well as optimizing the use of state-owned assets.

The meeting was attended by the CBE governor along with ministers of communication, trade, finance, business sector, supply and planning.

During the meeting, the acting prime minister directed to continue efforts exerted by various bodies of the state to offer the investment opportunities, capabilities and potentials available in Egypt’s different sectors. 

They also highlighted the role of the private sector in achieving objectives of the sustainable development due to its contribution in establishing several development and services projects in various spheres and expressed keenness to continue supporting it to fulfill its role.

They voiced the state’s keenness to support and develop the small and medium-sized projects because of their crucial role in boosting production and development as they depend on the domestic products. 

During the meeting, they reviewed the availability of basic and strategic commodities, stressing the importance of providing sufficient stock to cover needs during a suitable amount of time