Egypt’s Prime Minister Aims to Encourage Use of Unutilized Units

Dr. Mostafa Madbouly, Prime Minister.

Dr. Mostafa Madbouly, Egypt’s Prime Minister, announced today the government’s initiative to identify unutilized units in order to encourage their owners to make use of them.

During a press conference following a government meeting, Madbouly stated that decisions regarding economic authorities will begin to be issued this month.

He also mentioned that several state-owned companies will be listed on the stock exchange before the end of September.

Furthermore, he highlighted that Egypt is maintaining an economic growth rate of 5.3 percent.

Madbouly noted that Egypt is set to become one of the countries producing raw materials for pharmaceuticals.