Cairo: Prime Minister Mostafa Madbouly announced that the government is fully dedicated to expediting the initial public offerings (IPOs) "as quickly as possible" as part of a strategic initiative to attract private investment and enhance economic growth. This declaration was made during a meeting with key ministers and officials where they assessed the progress and preparations for listing state-owned companies.According to State Information Service Egypt, the discussions also focused on reinforcing the Egyptian Exchange's role as a vital platform for investment. Cabinet spokesperson Mohamed el-Homsani emphasized that the prime minister is conducting regular follow-up meetings to closely monitor the latest developments related to the IPO program.The meeting further addressed the need to invigorate private sector participation in the economy. Homsani noted a trend of increasing private investment juxtaposed with declining public investment. The sectors identified for possible IPOs include communications, banking, petrochemicals, pharmaceuticals, oil and gas, tourism, airports, and construction.Homsani also highlighted that the stock exchange would play a pivotal role in enhancing Egypt's investment climate. Part of the strategy involves offering shares to strategic investors to further stimulate the market and attract international interest.