CAIRO, June 16 (MENA) - Prime Minister Moustafa Madbouli on Monday convened a meeting to discuss progress achieved in the implementation of the government's IPO (initial public offering) program in the petroleum and public business sectors.

The meeting was attended by Minister of Public Business Sector Mohamed Shemy, Minister of Investment and Foreign Trade Hassan el Khatib, Minister of Petroleum and Mineral Resources Karim Badawi, along with officials of bodies concerned.

During the meeting, Madbouli reaffirmed the government's commitment to closely follow up on the progress of its state-owned enterprises (SOEs) privatization program, in line with the State Ownership Policy Document.

The meeting falls within the framework of the government’s efforts to push forward the IPO program in several sectors, particularly the petroleum and public business sectors.

Meanwhile, Badawi reviewed investment opportunities in the oil and mineral resources sectors, affirming the Petroleum Ministry’s readiness to collaborate with the private sector to boost investments and support national development goals.

For his part, Shemy highlighted opportunities for private investment in companies affiliated to the Public Business Sector Ministry, including opportunities in mining and tourism sectors. (MENA)

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