The cabinet denied allegations on the Egyptian state’s tendency to sell the assets.

This came in a report answering questions of the public on the performance of the Egyptian economy from on June to November.

The Egyptian government has put an integrated policy for the the state ownership of the assets and proposals to promote the role of the private sector in different sectors, the report said.

The policy of the state aims at increasing the rates of economic growth to the levels meeting the aspirations of the Egyptians via increasing the investment rate to 25%-30% to contribute to increasing the economic growth rate to 7%-9% to provide job opportunities and empower the Egyptian private sector, the report added.

Source: State Information Service Egypt