Egypt’s Public Enterprise Minister, Mohamed El-Shimy, has reaffirmed the government’s commitment to revitalizing state-owned enterprises through strategic asset optimization and robust partnerships with the private sector. In a recent address, El-Shimy emphasized that the ministry’s overarching goal is to maximize the economic value of public assets while ensuring long-term sustainability and competitiveness. This approach, he noted, is central to Egypt’s broader economic reform agenda and aligns with the principles of Vision 2030, which seeks to modernize the country’s industrial base and attract investment.
El-Shimy called on affiliated holding companies to adopt a more proactive stance in enhancing operational efficiency and financial performance. He urged them to embrace innovation, invest in workforce development, and streamline management practices to meet global standards. The minister highlighted the importance of digital transformation as a cornerstone of this strategy, pointing to the implementation of Enterprise Resource Planning (ERP) systems as a critical step toward improving transparency, accountability, and data-driven decision-making across public enterprises.
In addition to internal reforms, El-Shimy underscored the vital role of private sector engagement in driving growth and competitiveness. He encouraged both domestic and international investors to explore opportunities for collaboration, particularly in sectors where public enterprises hold strategic assets. These partnerships, he argued, can unlock new sources of capital, introduce advanced technologies, and foster a culture of performance-based management. The minister also stressed that such collaborations must be built on mutual trust, clear governance frameworks, and shared objectives to ensure their success.
The ministry’s renewed focus on asset optimization and private partnerships reflects a pragmatic shift in Egypt’s economic policy, one that prioritizes results over rhetoric. By leveraging the strengths of both public and private actors, El-Shimy believes Egypt can create a more dynamic and resilient industrial ecosystem. His remarks signal a clear intent to move beyond legacy inefficiencies and toward a future where state-owned enterprises contribute meaningfully to national development and global competitiveness.