92 Egyptian Governmental Companies to be Privatized by End of Year

Published May 10th, 2000 - 02:00 GMT

Egypt announced Tuesday it will raise 92 governmental companies for sale. 

Egyptian Minister of Public Business Sector Mukhtar Khattab was quoted by ArabicNews.com as saying that the privatization program will continue without slowness in this process, adding that the 92 companies will be privatized during the current year. 

The privatization will include all economic and financial corporations as well as companies, which were established by the governemnt five years ago.  

Khattab added that the banking sector is included also, "but in a scientific way".  

ArabicNews.com added that the Egyptian government has started getting rid of its shares in the joint banks since the first of this month - Albawaba.com  

 

© 2000 Al Bawaba (www.albawaba.com)

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