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صدى البلد
Cabinet approves ministry reorganization
The Egyptian Cabinet approved an executive plan for the state's ownership policy for the period from 2026 to 2030. The plan aims to organize and manage public assets with greater transparency and efficiency, focusing on improving the performance of state-owned companies and strengthening the role of the private sector. Additionally, a new investment zone has been established in Marsa Matruh, covering approximately 4,900 acres, for the development of residential, tourism, and commercial projects. The decisions also included support for the Vaxera company's project to expand and develop vaccine production, with the goal of achieving self-sufficiency and turning Egypt into a regional hub for vaccine manufacturing. Moreover, the National Wage Council has been formed to regulate the minimum wage and balance the interests of both employers and employees. The Council also signed an agreement to support the development of Vaxera’s vaccine manufacturing plant through a grant of 750,000 euros from the European Bank, aiming to increase local production capacity and meet domestic and regional market needs. There is also an opportunity to transfer the oversight of Ras El Hekma Central Hospital to the Ministry of Health to enhance the quality of healthcare services. Additionally, the Ministries of Investment, Internal Trade, and Supply have organized efforts to achieve multiple developmental and economic goals.
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