{"id":628850,"date":"2018-05-15T04:21:42","date_gmt":"2018-05-15T04:21:42","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/05\/15\/the-state-must-end-its-monopoly-on-egypts-economy-to-make-way-for-private-sector-investment\/"},"modified":"2018-05-15T04:21:42","modified_gmt":"2018-05-15T04:21:42","slug":"the-state-must-end-its-monopoly-on-egypts-economy-to-make-way-for-private-sector-investment","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/05\/15\/the-state-must-end-its-monopoly-on-egypts-economy-to-make-way-for-private-sector-investment\/","title":{"rendered":"The state must end its monopoly on Egypt\u2019s economy to make way for private sector investment"},"content":{"rendered":"<p><strong>The state must end its monopoly on Egypt\u2019s economy, which will only grow if it clears the way for the private sector to invest more than the state<\/strong>, Mohamed Mekky <a href=\"http:\/\/www.shorouknews.com\/columns\/view.aspx?cdate=12052018&id=7620baf4-a511-4c4a-9d33-000c8af6468e\">writes for Al Shorouk<\/a>. Despite reassurances from various officials that the government is committed to supporting the private sector, investment is nowhere near the levels it needs to reach. This either means that investors are still skittish because of the country\u2019s political situation or they just don\u2019t find it possible to compete with state institutions, Mekky says.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The state must end its monopoly on Egypt\u2019s economy, which will only grow if it clears the way for the private sector to invest more than the state, Mohamed Mekky writes for Al Shorouk. Despite reassurances from various officials that the government is committed to supporting the private sector, investment is nowhere near the levels [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"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":[9411],"tags":[72,9410],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-628850","post","type-post","status-publish","format-standard","hentry","category-on-deadline","tag-enterpriseam","tag-on-deadline","wpautop","entry"],"acf":{"mongo_id":"9b97729c-b661-4c02-bfbb-1a88baf17240","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[628822],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>The state must end its monopoly on Egypt\u2019s economy to make way for private sector investment - 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\/2018\/05\/15\/the-state-must-end-its-monopoly-on-egypts-economy-to-make-way-for-private-sector-investment\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The state must end its monopoly on Egypt\u2019s economy to make way for private sector investment\" \/>\n<meta property=\"og:description\" content=\"The state must end its monopoly on Egypt\u2019s economy, which will only grow if it clears the way for the private sector to invest more than the state, Mohamed Mekky writes for Al Shorouk. Despite reassurances from various officials that the government is committed to supporting the private sector, investment is nowhere near the levels [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/05\/15\/the-state-must-end-its-monopoly-on-egypts-economy-to-make-way-for-private-sector-investment\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-05-15T04:21:42+00:00\" \/>\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<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/05\/15\/the-state-must-end-its-monopoly-on-egypts-economy-to-make-way-for-private-sector-investment\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/05\/15\/the-state-must-end-its-monopoly-on-egypts-economy-to-make-way-for-private-sector-investment\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"The state must end its monopoly on Egypt\u2019s economy to make way for private sector investment\",\"datePublished\":\"2018-05-15T04:21:42+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/05\/15\/the-state-must-end-its-monopoly-on-egypts-economy-to-make-way-for-private-sector-investment\/\"},\"wordCount\":107,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"On Deadline\"],\"articleSection\":[\"On Deadline\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/05\/15\/the-state-must-end-its-monopoly-on-egypts-economy-to-make-way-for-private-sector-investment\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/05\/15\/the-state-must-end-its-monopoly-on-egypts-economy-to-make-way-for-private-sector-investment\/\",\"name\":\"The state must end its monopoly on Egypt\u2019s economy to make way for private sector investment - 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The new capital would primarily go towards financing the company\u2019s expansion plans in Africa, he added.A group of investors have already expressed\u2026","rel":"","context":"In &quot;M&amp;A WATCH&quot;","block_context":{"text":"M&amp;A WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/ma-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/6\/193.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":638512,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/10\/08\/government-borrowing-must-be-stopped-and-swapped-with-a-focus-on-domestic-production\/","url_meta":{"origin":628850,"position":2},"title":"Government borrowing must be stopped and swapped with a focus on domestic production","author":"enterpriseam admin","date":"8 October 2017","format":false,"excerpt":"Government borrowing that has brought foreign debt to alarming levels mus t be stopped and replaced with measures to increase domestic production with an eye to boost exports, Mohamed Mekky writes in a column penned for Al Shorouk. Mekky points out that foreign debt levels are as equally alarming as\u2026","rel":"","context":"In &quot;On Deadline&quot;","block_context":{"text":"On Deadline","link":"https:\/\/enterpriseam.com\/egypt\/category\/on-deadline\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":546183,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/05\/08\/more-from-el-sisis-economy-speech-growing-the-egx-support-for-local-industry-cutting-public-debt\/","url_meta":{"origin":628850,"position":3},"title":"More from El Sisi\u2019s economy speech: Growing the EGX, support for local industry + cutting public debt","author":"enterpriseam admin","date":"8 May 2022","format":false,"excerpt":"More on the Sisi administration\u2019s plans to boost the economy: The state\u2019s plan to attractUSD 40 bn in fresh investment by opening the door to \u201cprivate sector participation in state-owned assets\u201d led coverage of President Abdel Fattah El Sisi\u2019s televised speech at the \u201cEgyptian family iftar\u201d event (watch, runtime: 1:03:23)\u2026","rel":"","context":"In &quot;Economy&quot;","block_context":{"text":"Economy","link":"https:\/\/enterpriseam.com\/egypt\/category\/economy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/5\/84.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":560437,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/02\/28\/egypts-private-sector-will-lead-growth-in-five-years\/","url_meta":{"origin":628850,"position":4},"title":"Egypt\u2019s private sector will lead growth in five years","author":"enterpriseam admin","date":"28 February 2021","format":false,"excerpt":"Private sector investments will take the lead in Egypt\u2019s economy within five years, by which time public investments will be gradually tapered off, Prime Minister Moustafa Madbouly said at a webinar hosted by AmCham and the Egypt-US Business Council on Thursday. 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