Egypt: Public Sector Companies Achieve Egp 68bn in Profits Over 8 Years

Treasurer of the General Federation of Chambers of Commerce and Head of the Qalubeya Chamber, Mohamed Attia El-Fayoumi, stated that the roadmap for the public business sector began with Law No. 203 of 1991, marking the sector’s first steps toward full privatization.

This shift led to a halt in development plans for companies under the pretext of awaiting their sale, resulting in deliberate losses for these companies.

El-Fayoumi added that, since 2014, the companies entered a new era as successive…