Egypt's investment ministry keen to reform state companies
Minister Ashraf Salman
Cairo - MENA
The Investment Ministry is directing equal attention to reforming state-owned companies, which altogether make up 15% of the gross domestic product, Minister Ashraf Salman said.
The minister made the remark during a meeting with heads of the Investment Ministry's eight holding companies on Sunday.
The ministry had announced a plan to reform the structure of the eight companies to improve their performance and preserve the state's assets through re-evaluating the companies and listing untapped assets, Salman said.
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