egypt to review state asset sale program amid extraordinary circumstances

Egypt's Prime Minister Mostafa Madbouly has announced that the country's state asset sale program will be reviewed due to "extraordinary" circumstances.

The program, which aims to increase private sector participation by offering stakes in state-held companies, will reassess the sectors involved and the size of the offerings.

Originally, more than 30 companies were planned to be sold on the stock exchange or to strategic investors. Despite the current challenges facing the nation, the government remains committed to the program's objective of creating economic opportunities for the private sector.

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