Parliament wants to survey state-owned companies’ assets

The House of Representatives’ economic and industry committees have submitted a formal request to the Public Enterprises Ministry to set up a specialized committee to survey and value state-owned companies’ assets, according to the local press. House reps are looking to have these assets dealt with in a similar way to those under the planned EGP 200 bn sovereign wealth fund, and without private sector involvement. The committees have also requested that the companies present their detailed development and restructuring plans to parliament within one month.