Egypt's Finance Minister Ahmed Kouchouk has said that Egypt is dedicated to maximising the use of state-owned resources and assets to boost growth and profitability of public enterprises, aligning with the country's economic goals, an official statement said. He told Minister of Public Business Sector Mohamed Shimi the ministry was working to streamline financial settlement procedures between public enterprises and entities affiliated with the Ministry of Finance. The aim is to ensure financial sustainability and maintain tax and competitive neutrality. Shimi emphasised that his ministry was focused on maximising the revenues from the assets owned by public enterprises through an integrated strategy and clear implementation plans. These efforts target improved management systems, operational efficiency, and value creation for the national economy. The Ministry's plan aims to turn these assets into a sustainable source for economic growth through development and restructuring projects that boost companies' productivity and competitiveness globally, he stated, adding that the ongoing coordination between state institutions is a key pillar in achieving the government's development goals and building a strong, sustainable economy, according to the statement. Attribution: Amwal Al Ghad English Subediting: M. S. Salama
