The minister told Hapi Journal that talks with the PIF and the Sovereign Fund of Egypt (SFE) are still in the initial stage
The public portion of the subscriptions is expected to increase the company’s capital from its original EGP 98 million to EGP 200 million
After starting in 2019, the program was postponed due to the Covid-19 pandemic in March 2022, resuming in 2021 with the listing of state-owned digital services platform e-finance
The state originally planned to offer between 4 to 6 companies by the end of the current fiscal year, ending in June, with an aim of up to 10 by the end of 2022
The program should have a target of $10 billion per year for four years, he clarified, and will strengthen the role of the private sector in expanding the industrial base
