CAIRO, May 11 (MENA) - Prime Minister Moustafa Madbouli on Sunday convened a meeting with the public investment governance committee to follow up on commitment of the state-owned entities to the investment ceiling of EGP one trillion for the current fiscal year 2024-2025.

The meeting, which took place at the the New Administrative Capital, was attended by Minister of Planning, Economic Development and International Cooperation Rania al Mashat, Minister of Finance Ahmed Kouchouk, Accountability State Authority Head Mohamed el Faisal, and officials of relevant ministries and bodies.

The meeting reviewed public investments implemented by public sector companies throughout the first half of FY 2024–2025, in line with Article (6) of Cabinet decision no 736 of 2024 that obligated public entities to submit a semi-annual report detailing the size of their investments to the governance committee.

In 2024, the government has imposed a new investment ceiling for the state-owned entities to create more opportunities for the private sector in business activities and reduce inflation rates. (MENA)

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