{"id":549629,"date":"2022-09-25T04:00:06","date_gmt":"2022-09-25T04:00:06","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/09\/25\/govt-finalizes-state-ownership-policy-document\/"},"modified":"2022-09-25T04:00:06","modified_gmt":"2022-09-25T04:00:06","slug":"govt-finalizes-state-ownership-policy-document","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/09\/25\/govt-finalizes-state-ownership-policy-document\/","title":{"rendered":"Gov\u2019t finalizes state ownership policy document"},"content":{"rendered":"

<\/a> The gov\u2019t has dotted the i\u2019s and crossed the t\u2019s on its state ownership <\/strong>policy: <\/strong>The Madbouly government has finalized its state ownership policy ahead of the economic conference that\u2019s being planned for the end of this month, Prime Minister Moustafa Madbouly said Thursday. The document is the product of three months of consultations<\/a> with the both state and private-sector stakeholders and is expected to lay out a roadmap for large-scale privatization of the economy.<\/p>\n

Refresher:<\/strong> The policy document was first launched by Madbouly<\/a> in May as part of a wider plan to restructure the economy in favor of the private sector. The strategy envisions more than doubling the private sector\u2019s role in the economy to 65% over the next three years, and attracting USD 40 bn in investment by 2026. The new privatization drive came following the economic crisis triggered by the war in Ukraine and during talks with the IMF for a new loan program.<\/p>\n

A focus on competitive neutrality:<\/strong> The government\u2019s privatization strategy will look to put in place a legal framework to safeguard market competition and prevent monopolistic practices by state-owned enterprises, Mahmoud Momtaz, head of the Egyptian Competition Authority, said. A competitive neutrality authority chaired by the PM has been set up to review legislation and draft competition rules. \u201cYou can't open the market for the private sector without first instituting clear-cut rules necessary for fair and transparent competition on the market,\u201d Momtaz said.<\/p>\n

What\u2019s next? <\/strong>The draft document will head to the cabinet to be reviewed for approval, before it is brought to the National Dialogue for debate.<\/p>\n","protected":false},"excerpt":{"rendered":"

The gov\u2019t has dotted the i\u2019s and crossed the t\u2019s on its state ownership policy: The Madbouly government has finalized its state ownership policy ahead of the economic conference that\u2019s being planned for the end of this month, Prime Minister Moustafa Madbouly said Thursday. The document is the product of three months of consultations with […]<\/p>\n","protected":false},"author":1,"featured_media":549630,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7321],"tags":[549,72,281,81,7197,587],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-549629","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-privatization-watch","tag-egyptian-competition-authority","tag-enterpriseam","tag-moustafa-madbouly","tag-privatization-watch","tag-state-ownership-policy","tag-state-privatization-program","wpautop","entry"],"acf":{"mongo_id":"9cad4496-55ac-4ba8-841f-4aff2a56e5ee","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2022\/9\/366.jpg","photo_position":"above","related_issue":[549619],"teaser":"","voice_url":""},"yoast_head":"\nGov\u2019t finalizes state ownership policy document - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2022\/09\/25\/govt-finalizes-state-ownership-policy-document\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Gov\u2019t finalizes state ownership policy document\" \/>\n<meta property=\"og:description\" content=\"The gov\u2019t has dotted the i\u2019s and crossed the t\u2019s on its state ownership policy: The Madbouly government has finalized its state ownership policy ahead of the economic conference that\u2019s being planned for the end of this month, Prime Minister Moustafa Madbouly said Thursday. The document is the product of three months of consultations with […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2022\/09\/25\/govt-finalizes-state-ownership-policy-document\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2022-09-25T04:00:06+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2022\/9\/366.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/09\/25\/govt-finalizes-state-ownership-policy-document\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/09\/25\/govt-finalizes-state-ownership-policy-document\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Gov\u2019t finalizes state ownership policy document\",\"datePublished\":\"2022-09-25T04:00:06+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/09\/25\/govt-finalizes-state-ownership-policy-document\/\"},\"wordCount\":276,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/09\/25\/govt-finalizes-state-ownership-policy-document\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2022\/9\/366.jpg?fit=%2C&ssl=1\",\"keywords\":[\"Egyptian Competition Authority\",\"EnterpriseAM\",\"Moustafa Madbouly\",\"privatization watch\",\"state ownership policy\",\"state privatization program\"],\"articleSection\":[\"Privatization\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/09\/25\/govt-finalizes-state-ownership-policy-document\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2022\/09\/25\/govt-finalizes-state-ownership-policy-document\/\",\"name\":\"Gov\u2019t finalizes state ownership policy document - 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