01/01/2011
Al-Alam Alyom Newspaper 2011/JANUARY /01
Al-Alam Al-Youm interviewed two great industrialists, the first, Eng. Adel el-Mouzi, Chairman of the Chemical Industries Holding Company (CIHC) who is well-known for his wisdom and experience in management sciences and ability to turn loss-making companies into profit-making ones. The second is Dr. Nader Riad, a great industrialist and board member of the Engineering Industries Holding Company with three consecutive terms in office who combines the reality of industry and experience with public action. He has great experience in dealing with multinational companies and in dealing with the European Union.(Available in Arabic – German in PDF )
Eng. El-Mouzi was asked questions on the elements of strength in the application of the Egyptian manufacturing plan and his vision on the resumption of the privatization program such as: What are the elements of strength on the application of the Egyptian manufacturing plan, according to the Egyptian experience? What is the right concept of privatization in Egypt in general? Should we privatize all state-owned industrial assets or exclude part of these assets in order to maintain the infrastructure of Egyptian industries? What about the public sector companies which remain and how could we make use of them and exclude some of them from privatization? What are the most important companies? What is the role of the public business sector companies in controlling the market, in light of the gap between production and consumption, such as the fertilizer sector for example? Is there what we can call the right of coming generations in the revenues of privatization? What about the popular title deeds? Dr. Riad, Chairman of the Egyptian-German Business Council was asked about the rise and fall of Egypt’s manufacturing plan and the reasons for the failure of the privatization train with such questions as: What are the reasons for the rise and fall of Egypt’s manufacturing plan? What is the accurate concept of privatization? Currently voices have gotten louder, suggesting that government hold a golden share in privatized companies, so it can intervene to adjust the course when required. What do you think? Why did the privatization train stumble?