Middle East Economic Survey


No 4



Egypt Sets $3.5Bn Target For Sales Of State Asset In 2006

In a review of Egypts asset management program, the Egyptian Minister of Investment Mahmud Muhyi al-Dinsaid in a statement on 8 January that a target of E20bn ($3.5bn) had been set for assets sales in 2006 and that some E11bn ($1.9bn) was realized during the first half of the current fiscal year. Since July 2005, E16.5bn ($2.9bn) had been realized from asset sales from the...