Government is implementing a comprehensive programme to restructure state-owned companies, improve productivity and operational and financial efficiency, and maximize economic returns, Deputy Prime Minister for Economic Affairs Hussein Issa said on Monday. Issa made the remarks during a meeting with Finance Minister Ahmed Kouchouk, Investment and Foreign Trade Minister Mohamed Farid Saleh and senior government officials to review proposals for reorganizing the oversight of several holding companies and their subsidiaries in the public business sector.
He said the government is prioritizing better use and management of state-owned assets and identifying promising investment opportunities for partnerships capable of generating real added value. The government also aims to expand private-sector participation across economic activities, viewing the private sector as a key partner in boosting investment, production and employment, Issa said.
He added that the proposed restructuring is intended to strengthen corporate governance, improve decision-making and asset management, and help state-owned companies attract investment and support sustainable growth. The changes will not affect companies’ operating or development plans, ongoing projects or productivity programmes, Issa said, adding that operations would continue normally and existing projects would proceed as planned.
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