Government privatization plan in manufacturing sector in Egypt 2022, by industry

Based on the State Ownership Policy document approved in late December 2022 by Egyptian President Abdel-Fattah El-Sisi, the Egyptian government planned to withdraw over three years, maintain or decrease, or maintain or increase its presence in several economic sectors and activities. In the manufacturing sector, the Egyptian government planned to withdraw from 90 percent of the textile industry in the next three years. Moreover, government involvement in the mining industry was expected to be maintained or decreased by 60 percent. In contrast, the government planned to hold or increase presence by 17 percent in pharmaceutical manufacturing.