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Asharq Al-Awsat
Asharq Al-Awsat
World
Cairo - Asharq Al-Awsat

FORGOTTEN HISTORY: Egypt stresses commitment to privatization plans | History Defined

Prime Minister Moustafa Madbouly (center) and Assem El-Gazzar, Minister of Housing (right) listen to an explanation by an official of a cosmetics company in Egypt. (Asharq Al-Awsat)

Egyptian Prime Minister Moustafa Madbouly said on Saturday that Egypt would fulfill its financial obligations and would not abandon its privatization program.

In a press conference, he noted that larger stakes in government companies would be offered for sale, stressing that the delay in implementing the privatization program was due to the government’s keenness to secure the best return from the sale.

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