Prime Minister Mostafa Madbouly chaired a meeting of the economic ministerial group to review and discuss a number of priority economic files during the current period.
Egypt’s economic ministerial group has approved the updated version of the State Ownership Policy Document after reviewing and incorporating comments and proposals from the relevant national entities, ahead of its official announcement before the end of this month.
Prime Minister Mostafa Madbouly chaired a meeting of the economic ministerial group to review and discuss a number of priority economic files during the current period.
During the meeting, officials reviewed the latest developments in the economic reform program being implemented by the government and the Central Bank of Egypt in cooperation with the International Monetary Fund, as well as progress on the program’s seventh review.
The meeting noted that all quantitative targets for March 2026 had been met across several indicators, including the primary surplus, tax revenues, proceeds from state offering transactions flowing into the budget, spending on social protection programs and the health sector, in addition to the completion of several offering deals, most recently the Gabal El Zeit transaction, for which agreements were signed with Alkazar.
Finance Minister Ahmed Kouchouk reviewed a number of structural and legislative measures that are expected to be finalized during the coming period.
Minister of Investment and Foreign Trade Hassan El-Khatib presented a report on the latest developments in implementing the economic entities platform, which is one of the main pillars of developing investment services and advancing the digital transformation of Egypt’s business environment.
El-Khatib said the platform represents an integrated digital system aimed at unifying and managing investment services through a central platform that connects government entities and provides investors with a seamless digital experience.
During the meeting, Osama El-Gohary, assistant prime minister and head of the Information and Decision Support Center, reviewed the status of the updated State Ownership Policy Document and the amendments included in the new version.
El-Gohary said the new draft was the result of a comprehensive review and development process that included several rounds of discussion and consultation, including more than 10 meetings chaired by Prime Minister Mostafa Madbouly and attended by the relevant ministries and entities.
He added that the preparation of the document took into account lessons learned from the first phase of implementation and was based on relevant international best practices and experiences.
This aims to develop a clearer framework for the state’s role in economic activity, enhance competitive neutrality, and increase the private sector’s contribution to growth and sustainable development.
El-Gohary explained that the updated version of the State Ownership Policy Document differs in its direction from the first edition, as it no longer focuses only on setting targets for the state’s presence in or exit from certain economic activities.
Instead, the updated document adopts a broader vision focused on defining the state’s role in economic activity and establishing an integrated framework for governing and managing state-owned assets in a way that ensures their optimal use and maximizes their economic and developmental returns.
The economic ministerial group approved the updated version of the State Ownership Policy Document in its current form after reviewing and incorporating the comments and proposals submitted by the relevant national entities.
The meeting also stressed the need to take the necessary procedures ahead of the document’s official announcement before the end of this month.
The meeting also reviewed a report from the Central Bank of Egypt’s economic research sector on preliminary indicators for key balance of payments items during the period from July to March of FY2025/2026.
The report showed several positive indicators, with tourism revenues rising by 14.9% during the period from July to March FY2025/2026 to record around $14.4 billion, compared to around $12.5 billion during the same period of the previous fiscal year.
European tourism markets were among the main source markets for visitors to Egypt, accounting for around 69.2% of total tourist arrivals, with Russia leading the list, followed by Germany.
The report also showed that remittances from Egyptians working abroad jumped by 32% during the July-March period of FY2025/2026 to reach around $34.9 billion, compared to around $26.4 billion during the same period of the previous fiscal year.
The increase was attributed to higher remittances from various countries.
