Back to the complete issue
Sunday, 4 August 2019

Cabinet approves new committee to regulate public companies’ contracts

CABINET WATCH- New ministerial committee to regulate public companies’ contracts: The Madbouly Cabinet signed off on setting up a ministerial committee tasked with creating a system to regulate public sector companies’ contracts and agreements during its weekly meeting on Thursday, according to a statement. The committee will be headed by the prime minister, and will be responsible for putting in place a strategy to create and develop the new system. During the meeting ministers also:

  • Ratified decisions taken by the Supreme Committee for Compensation (which was set up to oversee the disbursement of compensation to contractors and other suppliers and public service providers);
  • Approved amendments to the National Railways Authority law;
  • Approved decisions from the cabinet’s engineering committee to increase direct order agreements for housing and education projects.

Enterprise is a daily publication of Enterprise Ventures LLC, an Egyptian limited liability company (commercial register 83594), and a subsidiary of Inktank Communications. Summaries are intended for guidance only and are provided on an as-is basis; kindly refer to the source article in its original language prior to undertaking any action. Neither Enterprise Ventures nor its staff assume any responsibility or liability for the accuracy of the information contained in this publication, whether in the form of summaries or analysis. © 2022 Enterprise Ventures LLC.

Enterprise is available without charge thanks to the generous support of EFG Hermes (tax ID: 200-178-385), the leading financial services corporation in frontier emerging markets; SODIC (tax ID: 212-168-002), a leading Egyptian real estate developer; SomaBay (tax ID: 204-903-300), our Red Sea holiday partner; Infinity (tax ID: 474-939-359), the ultimate way to power cities, industries, and homes directly from nature right here in Egypt; CIRA (tax ID: 200-069-608), the leading providers of K-12 and higher level education in Egypt; Orascom Construction (tax ID: 229-988-806), the leading construction and engineering company building infrastructure in Egypt and abroad; Moharram & Partners (tax ID: 616-112-459), the leading public policy and government affairs partner; Palm Hills Developments (tax ID: 432-737-014), a leading developer of commercial and residential properties; Etisalat Misr (tax ID: 235-071-579), the leading telecoms provider in Egypt; and Industrial Development Group (IDG) (tax ID:266-965-253), the leading builder of industrial parks in Egypt.