Egypt plans to shift from in-kind to cash subsidies by the end of 2026, Deputy Prime Minister for Economic Affairs Hussein Eissa announced on Tuesday. He spoke at the American Chamber of Commerce meeting in Cairo. Eissa also said fuel prices will not rise before the end of the 2026 fiscal year.
Eissa said the government will offer ten state-owned companies to private investors before the end of 2026. The list includes Banque du Caire and two firms linked to the Egyptian Armed Forces. The sales will take place through listings on the Egyptian Stock Exchange or strategic partnerships.
An updated State Ownership Policy Document will be released by the end of next June. It will define sectors where the state plans to keep or reduce its role.
The government aims to finish restructuring six major economic authorities by the end of this year. These include the National Food Authority, the Small and Medium Enterprises Development Agency, and the Suez Canal Authority. A new phase of reforms will start next year after the first phase is reviewed.