In related news, Investment Minister Dalia Khorshed has revealed a plan to attract indirect investment through offering shares in state-owned companies' stocks.
In remarks to Al-Masry Al-Youm, Khorshed said that the ministry aims at cooperation with local and foreign investment banks and major legal consultancy firms
The ministry will be working with investment banks to carry out feasibility studies for the proposal, she said, adding that banks will play a major role locally and internationally. “The program targets increasing the volume of investments…and developing the Egyptian stock market,” she said.
The program will be effected over the course of about three years, due to start once the legal details are settled, she said.
Al-Masry Al-Youm was informed that the listing of companies included in the program will only include some companies operating in the public sector.
Edited translation from Al-Masry-Al-Youm