Cairo, Apr 06 (IPS) - Egypt intends to sell shares in 32 state-owned businesses within a year, including three banks, two military-owned businesses, and numerous businesses in the energy and transportation sectors. This is part of the administration s efforts to reduce the role of the state in the economy and attract foreign capital.
The introduction of Saudi fast food chain Albaik to Egypt is part of the $7.7 billion investment package announced during the recent visit of Saudi Crown Prince Mohammed bin Salman to Cairo.
© Provided by Xinhua by Mahmoud Fouly, Abdel-Meguid KamalCAIRO, Jan. 9 (Xinhua) Egypt has made great strides in implementing its national strategy o