Egypt’s Cabinet Approves Updated State Ownership Policy Document

جانب من الاجتماع.

Dr. Mostafa Madbouly, Prime Minister of Egypt, chaired an economic ministerial group meeting yesterday evening at the government headquarters in the New Administrative Capital. The meeting focused on discussing several priority economic issues.

Attending the meeting were Dr. Hussain Eissa, Deputy Prime Minister for Economic Affairs; Hassan Abdallah, Governor of the Central Bank of Egypt; Ahmed Kouchak, Minister of Finance; Dr. Sherif Farouk, Minister of Supply and Internal Trade; Dr. Mohamed Farid, Minister of Investment and Foreign Trade; Dr. Ahmed Rustom, Minister of Planning and Economic Development; Engineer Khaled Hashem, Minister of Industry; Dr. Islam Azzam, Head of the Financial Regulatory Authority; Dr. Osama El-Gohary, Assistant Prime Minister and Head of the Information and Decision Support Center; and Dr. Hashem El-Sayed, Assistant Prime Minister and CEO of the State-Owned Enterprises Unit.

During the meeting, updates on the economic reform program being implemented by the government in collaboration with the Central Bank of Egypt and the International Monetary Fund were presented. It was noted that all quantitative targets for March 2026 were met concerning several indicators, including primary surplus, tax revenue, proceeds from public offerings flowing into the budget, as well as spending on social protection programs and health sector initiatives. Recent public offerings were also discussed, including the signing of agreements related to the Gebel El-Zeit deal with Al-Khazaar Company.

The Finance Minister presented a series of structural and legislative measures that are being finalized in the upcoming period.

Dr. Mohamed Farid provided a report on the latest developments regarding the Economic Entities Platform as a key component in enhancing investment services and digital transformation in Egypt’s business environment.

The platform aims to unify and manage investment services through a central system linking governmental entities while providing investors with a seamless digital experience supported by advanced technical infrastructure.

Additionally, Dr. Farid highlighted important digital transformation projects underway at his ministry aimed at expediting automation and digitizing services for investors and exporters.

Dr. Ahmed Rustom presented a report on inflation rates and commodity prices for May 2026, indicating a significant drop in annual inflation to 13.0%, suggesting easing inflationary pressures compared to previous months.

The meeting also included discussions on updates to the State Ownership Policy Document. Dr. Osama El-Gohary explained that this revised draft resulted from comprehensive reviews involving over ten meetings led by Prime Minister Madbouly with relevant ministries and agencies.

The updated document reflects lessons learned from previous implementations and incorporates best practices from international experiences to clarify the state’s role in economic activities while promoting competitive neutrality.

In conclusion, after reviewing various observations from national stakeholders, the economic ministerial group approved the updated State Ownership Policy Document for official announcement later this month.