CAIRO, Egypt – Egypt is poised to embark on a significant privatization drive in 2025, with plans to list several state-owned companies on the Egyptian Exchange (EGX). Prime Minister Mostafa Madbouly outlined the government's strategy, emphasizing the importance of boosting public-private partnerships and attracting foreign investment.

The initial wave of listings is set to include:

National Company for Petroleum Products Marketing and Distribution (Wataniya): A portion of Wataniya, including 174 of its 300 fuel stations, will be transferred to a new entity and subsequently listed.
National Company for Natural Water in Siwa (SAFI): This company, established in 1996, produces a substantial volume of bottled water and olive oil.
Silo Foods for Food Industries: Specializing in food products like grains, baked goods, and packaged meals, Silo Foods is crucial for Egypt's food security.
ChillOut: A chain of fuel stations owned by the National Service Products Organization (NSPO).
In addition to these initial listings, Egypt aims to offer stakes in a range of other companies, including:

Alexandria Bank
Banque du Caire
Jabal El-Zeit Wind Farm
Alamal Alsharif Plastics
Misr Pharma
Chemical Industries Development Company (CID)

The government's ambitious privatization program is designed to unlock the value of state assets, generate revenue, and foster economic growth. By listing these companies on the EGX, Egypt seeks to enhance market liquidity, attract domestic and international investors, and promote transparency and corporate governance.

As the country moves forward with its privatization agenda, it is expected to closely monitor global market conditions and economic trends to optimize the timing and execution of these listings.

[ⓒ Global Economic Times. 무단전재-재배포 금지]