Dr. Mostafa Madbouly, Prime Minister, held a meeting yesterday evening at the government headquarters in New Alamein City to follow up on the implementation mechanisms of Law No. 170 of 2025, which regulates some provisions related to state ownership in companies owned by or participated in by the state. The meeting was attended by Dr. Rania Al-Mashat, Minister of Planning, Economic Development and International Cooperation, Ahmed Kouchouk, Minister of Finance, and economic expert Dr. Hashem Al-Dessouki.

The official spokesman for the Prime Minister’s Office, Counselor Mohamed Al-Homsany, stated that the meeting discussed proposed mechanisms for implementing the law in light of its great importance within the state’s efforts to empower the private sector and govern the state’s presence in economic activities. This confirms the state’s determination to divest from some shares, continuing its approach through the offering program and the sovereign fund which aims to maximize asset utilization.

Al-Homsany added that the meeting emphasized the necessity of agreeing on specific mechanisms to accelerate the law’s implementation, especially given the large number of state-owned companies and the diversity of their contributions across different sectors.