Dr. Mostafa Hudeib, an economist and president of the Arab Academy for Administrative, Financial and Banking Sciences of the League of Arab States, said that the government’s preparation of a “state ownership policy document”, which targets state-owned assets, announces them and sets a timetable for the state’s exit from several economic activities in stages, will have Positive effect in reassuring local investors and will work to attract foreign investment and enhance the confidence of international institutions.
Hodieb explained that the goal of the “State Ownership Policy Document” is to regulate the state’s presence in economic activities, empower the private sector and increase its participation in investments,
in addition to attracting foreign investments, forming partnerships between the private and public sectors and expanding participation,
ِAlso, to the state’s keenness to make room for the sector. private participation in the production of goods and services without competition from public bodies, in order to raise the efficiency and effectiveness of public investments, in order to promote the national economy,
Hodieb indicated that enhancing the participation of the private sector and developing the partnership between it and the public sector is one of the axes of the structural economic reform program, with the aim of increasing domestic and foreign investment, increasing productive projects, maximizing the role of national industry, and increasing gross domestic production.
He explained that the Egyptian climate is good and attractive to foreign investments because of the many factors that have created the investment climate such as the economic legislative structure, major economic zones, new axes, roads, and bridges, which have completely upgraded the infrastructure.