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2021-01-07 16:05:46 GMT2021-01-08 00:05:46(Beijing Time) Xinhua English by Marwa Yahya CAIRO, Jan. 7 (Xinhua) Egypt is considering selling the ownership of some army-held companies, a move that will help achieve the structural reform for the economy, experts said. It s a significant potential opening for private investment in part of the economy, Waleed Gab-Allah, a professor of economic jurisdictions with Cairo University, told Xinhua. The move will activate the stock exchange, because the army firms are believed to be profitable and will definitely lure new investments, he said. Egyptian Planning Minister Hala al-Saaed said on Sunday that the military plans on selling two companies, the oil distribution company Wataniya Petroleum which runs a network of petrol stations across the country, and bottled-water maker Safi.

Al qahirahCairo universityAl jizahHala al saaedWaleed gab allahMarwa yahyaAbdel fattah al sisiGamal bayoumiEgyptian ministry of defenseNational service products organizationArab investors unionWataniya petroleumPlanning minister halaEgyptian ministryEgyptian president abdel fattahCairo based arab investors union