Cabinet approves 10 decisions

The Cabinet has approved a detailed plan for the state-owned assets and companies policy for the period 2026-2030. This plan is based on a legal and institutional framework that ensures good governance and transparency, while strengthening the role of the private sector, with the aim of attracting investments and achieving sustainable growth. Additionally, the establishment of an investment zone in Mariout was approved, covering approximately 4,900 acres, for the development of residential, tourism, and commercial projects. The Cabinet also praised the results of the second quarter of 2026 for the State-Owned Companies Unit, which focused on managing the company's portfolio, preparing for initial public offerings (IPOs), improving governance, and restructuring. Furthermore, the Council approved the organization of the Ministry of Investment and Foreign Trade, enhanced the services of Vacsera Company for vaccine production, developed the operational system of the National Wages Council, and transferred oversight of Ras El Hikma Hospital to ensure improved healthcare services and to solidify governance foundations.

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