The meeting addressed efforts to revitalize public-sector companies, optimize resources, and attract private sector investment to improve efficiency and sustainability.
The Egyptian government is undertaking a massive development plan to modernize and enhance the performance of public-sector enterprises. This initiative covers multiple industries, including mining, steel, textiles, real estate, and urban development.
Prime Minister, Mostafa Madbouly, met with Minister of Public Business Sector, Mohamed Shimi, to review a comprehensive report on the progress of these development projects.
The meeting addressed efforts to revitalize public-sector companies, optimize resources, and attract private sector investment to improve efficiency and sustainability.
The government is implementing major projects to boost industrial output and competitiveness. For instance, the El Nasr Mining Company is leasing two phosphate washing plants to a private company to enhance phosphate ore value. Additionally, a phosphateore concentration project is underway with an investment of $305 million.
In the steel sector, Delta Steel Company has launched two billet production lines with a total capacity of 500,000 tons per year. The first phase is complete, and the second phase is nearing final delivery.
Similarly, El Nasr Pipes Company is constructing a longitudinal welding pipe production line with a capacity of 25,000 tons per year, along with a seamless pipe production line capable of 5,000 tons per year, at a cost of $200 million.
The Glass & Crystal Company is also advancing with a solar glass production unit, representing an investment of EGP 327 million, with an expected annual output of 25,500 tons.
The government is making major investments in real estate and urban development, particularly through the Heliopolis Company for Housing & Development.
One of the government’s top priorities is the revival of the textile sector, which has long been a cornerstone of Egypt’s economy. The Misr Spinning & Weaving Company in Mahalla is undergoing a massive EGP 9.1 billion development project, with an additional €289.5 million allocated for new equipment and machinery.
In Kafr El-Dawar, the Egypt Spinning & Weaving Company is receiving EGP 8.3 billion for construction, along with $129.65 million for new equipment. Similarly, the Damietta Textile Company is undergoing a 4.6 billion EGP redevelopment, with machinery costs estimated at €71.7 million.
Other textile industry projects include the Helwan Textile Company (with an investment of EGP 2.5 billion and €29 million for equipment) and the Upper Egypt Textile Company (with 1.1 billion EGP for construction and €19 million for new machinery).
During the meeting, Prime Minister Madbouly emphasized the importance of private sector participation in the development and management of these projects.
He stressed the need for strategic partnerships, particularly in the textile sector, to ensure long-term operational efficiency and sustainable growth.
The Egyptian government’s comprehensive modernization plan reflects its commitment to industrial revival, economic growth, and urban expansion.
By leveraging private sector investments and modernizing infrastructure, Egypt aims to transform its public enterprises into competitive, high-performing entities capable of driving national economic progress.
