Egypt: Sisi Urges Reforming Public Sector

President Abdel Fattah El Sisi stressed on Sunday 10/7/2016 the importance of continuing efforts to develop and reform the public sector.

During a meeting with Minister of Public Business Sector Ashraf el Sharqawi, Sisi urged following up the implementation of investment projects carried out by the public sector.

Sharqawi briefed Sisi on his plan to develop the public sector and rehabilitate factories and production lines, Presidential Spokesman Alaa Youssef said.

Sharqawi noted that efforts are underway to re-operate the out-of-service companies through using non-banking finance methods to finance investment projects.

He stressed that Egypt’s holding companies will start to prepare their budget in line with the investment plan as of the coming year.

Source: Egypt State Information Service