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Cairo

Egypt

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Egypt’s cabinet to set up a unit dedicated to state-owned companies

The unit will work to implement the state ownership policy with clear timelines and targets.

Mostafa’s remarks came while receiving representatives from China’s Famsun Group Company in the ministry’s headquarters in the NAC.

Looking ahead, Concrete Fashion Group plans to continue expanding domestically and boost online sales.

Egypt has made significant progress in cultivating short staple cotton, especially after successfully localizing it in the Eastern Owaynat region.

In addition, the private sector increased its contribution to the gross domestic product (GDP) to 71 percent this year.

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