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Thursday, 17 September 2020

Public Enterprises Ministry offers transport, agriculture projects to private investors

Gov’t wants to partner with private sector on transport, agriculture projects: A private sector investor will be handed the reins to manage and operate the Holding Company for Maritime & Land Transport’s three passenger transport subsidiaries after they are merged into a single entity, Public Enterprises Minister Hisham Tawfik said at a meeting with the Egyptian Federation of Investors Associations, a cabinet statement said yesterday. Also on offer, the statement says:

  • A 40k feddan plot zoned for agricultural and livestock projects is for sale;
  • A piece of the EGP 1.7 bn restoration of the Continental Hotel in Cairo and the Savoy in Luxor;
  • Participation in dying and small clothing projects as part of the state’s EGP 21 bn plan to overhaul state-owned cotton ginning companies.

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