01/04/1997
October News Magazine 1997/APRIL /01
“It is the private sector that encourages foreign countries to buy firms offered for sale. Proper management of companies is more important than just availability of funds and international firms want to come to Egypt with their own conditions. Since Egypt adopted the policy of reforming economic march in the 1980s, the State has made strides towards the application of the privatization policy through integrated programs”. ( Available in Arabic )
Saeed al-Taweel, “The international or the multinational companies, when getting involved in privatization processes, focus on several factors, most notably the profitability, the products’ market share and whether it is big or small, the future of labor and whether it is possible to dispose with them or they (international firms) would be committed to keeping them in place as well as the budget figures, tax problems and legal impediments”. Dr Nader Riyad, “We have to determine what is precisely required from implementing the privatization program and whether it just involves sale of companies owned by the public sector or liquidation of these companies and setting up entities with no heads, or do we want to just expand ownership or privatize management in the light of having uneconomic indications for the public sector firms?”