Meeting between the Ministers of Finance and Public Enterprises underscores the importance of integration to achieve sustainable development

Ahmed Kouchouk, Minister of Finance, affirmed the government’s commitment to ensuring the optimal utilization of state-owned resources and assets by supporting efforts to enhance the growth capacity and profitability of public companies. He explained that these efforts are aligned with the state’s overarching strategy to stimulate economic activity, within a coherent framework of fiscal and economic policies that encourage production and exports. The ultimate goal, he stressed, is to build a more competitive economy capable of attracting greater investment inflows.

 

During his meeting with Eng. Mohamed Shimy, Minister of Public Enterprises, at the Ministry of Finance headquarters in the New Administrative Capital, Kouchouk emphasized the government’s work to streamline financial settlement procedures between public enterprise companies and entities affiliated with the Ministry of Finance. This, he noted, ensures fiscal sustainability as well as tax and competitive neutrality.

 

For his part, Eng. Mohamed Shimy highlighted that the Ministry of Public Enterprises is working to maximize the utilization of assets owned by its affiliated companies, with the aim of generating the highest possible economic return. He explained that this is being achieved through a comprehensive strategy and well-defined implementation plans to enhance performance, improve management systems, and increase operational efficiency—ultimately delivering real added value to the national economy.

 

Shimy further pointed out that the ministry’s strategy focuses on transforming assets into a sustainable source of economic growth through development and restructuring projects that improve productivity and strengthen competitiveness both domestically and internationally. He emphasized that ongoing integration and coordination among state institutions remain a cornerstone for achieving developmental objectives under the state’s vision of building a strong and sustainable economy.