The Clap
According to Al-Masry Al-Youm, the government has identified the sectors it plans to exit, stay in, & expand in.
Backstory
The Prime Minister had previously said the government plans to increase the participation rate of the private sector in the economy from 30% to 65%.
Exits
The government decided to exit 79 industries, to allow the entry of the private sector. These sectors include fish farming activities, livestock, retail trade and the construction industry (except for social housing projects). It will also exit the automobile industry, as well as electrical appliances, furniture, leather, fertilizers and glass.
Staying put
However, the government will keep its investments in 45 industries, while allowing for more private sector investment. Industries include cement, iron, aluminum, meat, poultry, dairy, cigarettes, & power plants,
Expansion
The state also identified 27 industries for expansion. These include infrastructure activities and sectors that bear strategic and social dimensions, such as education and health.
