Farid made the remarks while representing Egypt at the 118th session of the Arab Economic and Social Council at the ministerial level, held under rapidly changing regional and global economic conditions.
Egypt discusses new reforms and financing tools to strengthen startups and entrepreneurship growth.
GAFI reviews digital transformation projects aimed at improving investor services and Egypt’s business climate.
Investment Minister Mohamed Farid says Egypt is implementing reforms to improve the business climate and attract investment.
Farid said the offering targets the sale of 20% of the company’s shares, with expected proceeds of approximately EGP 14 billion, positioning it among the largest anticipated initial public offerings on the Egyptian Exchange, during an interview in a television program El Hekaya with TV host Amr Adib.
