Madbouly stated that the state has made significant efforts to inject investment momentum across all sectors of the economy and had to take a strategic decision to support economic recovery following the challenges after 2011.
The Cabinet approved on Wednesday the second edition of the State Ownership Policy Document, titled “Deepening Reform and Maximizing Impact 2026–2030.”
Prime Minister Mostafa Madbouly attended the launch event of the second edition of the State Ownership Policy Document.
Madbouly stated that the state has made significant efforts to inject investment momentum across all sectors of the economy and had to take a strategic decision to support economic recovery following the challenges after 2011.
He emphasized the importance of restoring the private sector’s role in leading economic growth, noting that it now accounts for around 56.5% of total public investments.
He added that what has been achieved is commendable given the circumstances, and that the state has accumulated sufficient experience to reshape the policy document through a clear implementation framework, while addressing observations from the first edition.
Madbouly also stated that the second edition aims to overcome the limitations of the previous version and strengthen implementation mechanisms.
The Prime Minister further affirmed that the goal is to achieve economic growth rates exceeding 7%, stressing that the State Ownership Policy Document was not imposed on Egypt by the International Monetary Fund.
The economic ministerial group had approved the updated version of the policy document last week, following the incorporation and review of various observations and proposals submitted by relevant national authorities, in preparation for its official announcement before the end of the month.
Osama El Gohary, Assistant to the Prime Minister and Head of the Information and Decision Support Center, said that the new draft is the outcome of a comprehensive review and development process that went through several rounds of discussions and consultations, including more than ten meetings chaired by Prime Minister Mostafa Madbouly, with the participation of relevant ministries and entities.
He added that the preparation of the document took into account lessons learned from the first phase of implementation and drew on international best practices and relevant experiences, ensuring a more clearly defined framework for the state’s role in economic activity, enhancing competitive neutrality, and increasing the private sector’s contribution to growth and sustainable development.
El Gohary further explained that the updated version of the State Ownership Policy Document differs in its approach from the first edition, as it is no longer limited to defining targets for state presence or exit from certain economic sectors.
Instead, it adopts a broader vision focused on defining the state’s role in economic activity and establishing an integrated framework for governance and management of state-owned assets, aiming to optimize their use and maximize their economic and developmental returns.
Minister of Finance stated that the primary objective of the document is to align strategic goals with implementation plans, and that the government is continuously developing the framework to match national economic targets, with a clear plan to achieve growth objectives.
Together, officials emphasized that the second edition represents a more comprehensive and implementation-driven approach to defining the state’s role in the economy, enhancing governance, and strengthening private sector participation in Egypt’s development path.
