Egypt's Prime Minister Moustafa Madbouly convened a meeting on Sunday to assess the progress of the state share sale programme in the energy sector, aimed at increasing private sector involvement and investment in key energy projects. The meeting, attended by Minister of Electricity and Renewable Energy Mahmoud Esmat, Minister of Investment Hassan El-Khatib, and Noha Khalil, executive director of the Sovereign Fund of Egypt (TSFE), focused on advancing the government's strategy to attract private investment through state share sales in energy sector projects. Prime Minister Madbouly emphasised the government's commitment to implementing the State Ownership Policy Document, which includes a focus on the sale of state shares as a key mechanism for encouraging private sector participation. He stated that these sales are intended to enhance the private sector's role and drive growth in the energy sector. The meeting also discussed collaboration between the Ministries of Electricity and Investment, along with the TSFE to promote upcoming state share sales in the energy sector. The government aims to attract significant investments, particularly in renewable energy, which continues to see growing global interest. The discussions also covered the next phase of the state share sale programme, with a focus on energy projects, particularly in renewable energy, which is a sector of increasing global importance. These efforts are expected to strengthen Egypt's energy sector and contribute to the country's broader economic objectives. Attribution: Amwal Al Ghad English
