Feb 9, 2023
Egypt Ready to Offer All Military-Affiliated Firms to Investors
Egypt is prepared to offer all the companies run by the military-affiliated National Service Projects Organization, President Abdel Fattah El-Sisi said.
El-Sisi, speaking at a televised event Thursday, said the government had already put up for offer two of the companies to investors, a reference to oil products distributor Wataniya and mineral water bottler Safi. “We’re prepared to offer all the companies,” he said, adding that it could also be in the form of partnerships.
Read also: Egypt Puts State Assets Up for Sale to Hunt Foreign Exchange (2)
Safi and Wataniya were included in a list of 32 state-run firms that the government announced on Wednesday would be presented as share offerings to the public, block sales to strategic investors or a combination of the two.
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