Unused lands from the assets of the Ministry of Public Business Sector, presented by Minister Hisham Tawfiq to several service bodies, namely electricity, petroleum and insurance, in return for debts owed by business sector companies worth 33 billion pounds. ?.
Dr. Rashad Abdo, head of the Egyptian Forum for Economic and Strategic Studies, says that the public business sector is a rich and profitable sector, as this sector manages nearly 82 public sector companies after merging a number of companies, pointing to the existence of visions and perceptions on the ground through which it can be exploited And the development of these companies to the fullest, through the ability and efficiency that helps them to advance the sector, and then the settlement of all debts falls on the shoulders of the sector, even if these debts are paid in successive periods, instead of following the methodology of exchanging debts for unused lands with the various state agencies .
For his part, Dr. Khaled Al-Shafei, the economist, stresses the importance of each sector’s exploitation of the assets it owns, by presenting extensive plans and studies based on developing public sector companies, as some of these companies are subject to local and global competition, and then we will have enormous economic wealth and achieve returns. Through its administrative development.
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Al-Shafei indicated that it was possible to make an agreement with real estate development companies to exploit these lands belonging to the public business sector, invest them well, and then achieve joint returns within short periods of time, during which these debts are paid.