«Creating the Investment Climate in Egypt».. Objectives of the State Ownership Policy Document

The Council of Ministers approved the final version of the state ownership policy document, In preparation for submitting it to President Abdel Fattah El-Sisi, President of the Republic.

The state document is an important step in the path of economic reform in Egypt, as it enhances the gross domestic product in the medium and long term, in addition to contributing to improving the Egyptian business climate and increasing the participation of the private sector in the national economy.

After approving the state ownership policy document, Egypt becomes the first country in the Middle East and Africa to issue an official document for the form of state investments for a period of 10 years, with an institutional framework for implementation, compared to other countries that were content with developing an institutional framework.

  The most important information about the state ownership policy document, whose final version was approved after presentation to members of the government, following the implementation of the final amendments recommended by experts and economists during the societal dialogue discussions regarding it.

State ownership policy document

The State Ownership Policy document, from its launch until its approval today, went through 6 stages, namely:

1. Starting to form working groups that included 10 parties.

2. Discussing the document in the meetings of the Economic Ministerial Committee.

3. Announcing the document during the economic conference in May 2022.

4. Making it available for community dialogue to discuss its dimensions and axes.

5. Holding many workshops and meetings with experts and academics.

6. Ending with its discussion at the Economic Conference (Egypt - 2022), which was held last October.

The main objective of the "State Ownership Policy" document is to establish a clear and specific regulatory framework through which the relationship between the state and the private sector in various economic activities is regulated, and at the same time works to reassure investors at home and abroad of their investments  whether in the medium or long term.

Objectives of the state property policy document

• The document is a message of reassurance to the investor about the future plans of the state.

• It allows optimal management of state-owned assets.

• Recreate a better investment climate in Egypt.

• It contributes to attracting more foreign investments, and gives an integrated picture of the country's presence in the economic sectors and activities during the coming years.

• Comprehensive objectives.