CAIRO, April 6 (MENA) - Prime Minister Mostafa Madbouli chaired a high-level meeting Sunday to follow up on the status of government asset offerings in the energy sector.

The meeting was attended by Minister of Electricity and Renewable Energy Mahmoud Esmat, Minister of Investment and Foreign Trade Hassan El-Khatib, and CEO of the Sovereign Fund of Egypt (TSFE) Noha Khalil.

Madbouli emphasized the government’s strong commitment to regularly monitoring the plans’ progress, in line with the State Ownership Policy Document that aims to empower the private sector and enhance its role in the national economy by expanding its participation in key projects.

The meeting reviewed collaborative efforts between the ministries of electricity, investment, and TSFE to identify and promote promising investment opportunities in the energy sector, especially in renewable and clean energy, capitalizing on Egypt’s substantial potential in the field.

Discussions also covered progress in the implementation of current offerings in the energy sector, including projects the state plans to exit from in preparation for offering them to the private sector, with a particular focus on renewable energy, which continues to attract global interest. (MENA)

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