Yehia Hamed: No Privatization of any State CompaniesSource: www.export-egypt.com 5/14/2013, Location: Africa |
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During his meeting with Egypt Aluminium Company in Naga Hammadi, Qena, Investment Minister Yehia Hamed said that the government will not sell or privatize any of the public sector companies, whose number hits 146 firms, achieving net profit of L.E. 3.2 billion. He also asserted that the workers of these companies, 310,000 workers, will never be fired, terming the public sector firms as the genuine locomotive of development in Egypt.
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