Mohamed El-Shimy, Minister of the Public Enterprises Sector, met with Osama Al-Azhari, Minister of Awqaf, and a delegation at the ministry's headquarters in Egypt's New Administrative Capital to strengthen cooperation and maximize the use of state-owned assets. The discussions align with national efforts to generate economic and developmental returns from public assets, in line with Egypt's Vision 2030.
On January 14, 2026, the ministers focused on mechanisms for reviving and investing in selected assets with historical and investment value, adhering to sustainable economic principles. These initiatives aim to bolster the tourism and hospitality sectors, enhance their economic contributions, and preserve the cultural and historical essence of the assets.
El-Shimy emphasized the ministries' shared commitment to expanding cooperation in ways that serve the national interest and align with the state's goals for sound asset management and optimal utilization. He highlighted that companies under the Public Enterprises Sector possess substantial manufacturing, production, and service capabilities, along with accumulated expertise to execute joint projects efficiently. The minister expressed his ministry's readiness to offer necessary technical and administrative support, and to develop suitable investment models to ensure project success and maximize returns from the assets.
Al-Azhari underscored the importance of collaboration in investing Awqaf Authority assets that hold historical and civilizational significance. At the meeting's conclusion, both sides reaffirmed their dedication to ongoing coordination and consultation, including establishing clear implementation mechanisms and defined timelines to turn agreements into concrete projects that advance comprehensive development plans and optimize state assets for the national economy and society.