Egyptian Strategy Towards Electric Vehicles About the Egyptian Ministry of Public Business Sector Companies Under Management
Egyptian Strategy Towards Electric Vehicles About the Egyptian Ministry of Public Business Sector Companies Under Management 8 Holding Companies 118 Subsidiaries 299 Joint Ventures About the Egyptian Ministry of Public Business Sector Sectors of Activity Chemical Industries : Fertilizers, Tobacco, Tires, Shoes, Springs, Salt, Paper, Manganese Metallurgical Industries : Steel, Aluminum, Cars and Trucks and Busses, Glass, and Porcelain; Mining Pharmaceuticals Production, Packaging, Trading, and Distribution Cotton : Trading, Ginning, Spinning, Weaving, Dyeing and Finishing Touristic Services, Hospitality & Hotels Development, and Retail Stores Real Estate, Construction, Agriculture, and Cattle Raising and Slaughtering Containers Handling, Shipping, Warehousing, Passenger and Goods Intra City Transport, and Foreign Trade Business Development Services Insurance, Re-insurance, Real Estate Assets Management, and Strategic Investments About the Egyptian Ministry of Public Business Sector Companies` Structure About the Egyptian Ministry of Public Business Sector The Reform Program In June 2018, the Ministry of State Owned Enterprises of Egypt has embarked on a reform program for the entire 8 holdings and 118 subsidiaries. The beginning was a SWOT analysis done for companies and discussed in lengthy meetings with companies` boards, with the objective of setting priority sectors and companies for reform, to stop the drainage of public money caused by major loss making companies, some of which already reaching negative net worth. Those included 24 companies accounting for more than 90% of the entire sector losses. Reform plans for around 40 companies have been designed, and are under implementation. Reforms are taking place in three main areas: 1. Restructuring companies and rehabilitation of factories 2. Availing resources to finance reform, through the utilization of unutilized assets 3.
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