VOL. XLI

No. 32

10-August-1998

EGYPT

Egyptian Government Reiterates Commitment To Privatization

The Egyptian Government has reiterated its commitment to privatizing state industriesfollowing criticism of its handling of the process. Dr. Mukhtar Khattab, advisor to Dr.'Atif 'Ubaid, the Minister responsible for privatization, told MEES that theEgyptian privatization program is "moving ahead and on target." As of 7 July1998, the state had sold stakes in 89 state-owned companies and raised almost...