Egypt's House of Representatives has given final approval to a new draft bill aimed at improving the management of state-owned property and maximising their economic and social returns. The legislation introduces a comprehensive governance framework that supports the state's investment strategy and seeks to create a more attractive climate for both local and foreign investors. The law sets out clear roles and responsibilities between the government and companies in which it holds full or partial ownership. It aims to improve the management of these holdings, promote alignment with sustainable development goals, and ensure adherence to principles of transparency, good governance, and competitive neutrality in the state's role as an owner. A key provision of the law allows for a more structured and strategic exit of the state from selected sectors based on private sector demand and readiness. This process will be overseen by a newly established central unit with the necessary expertise to make professional investment decisions regarding state ownership. Attribution: Amwal Al Ghad English Subediting: M. S. Salama
