Cairo, Egypt, June 28, 2026 – Eurotoday — Egypt privatisation programme moved forward after the Egyptian cabinet announced that four additional state-owned companies have been added to the government’s asset sale initiative. The decision forms part of Egypt’s broader economic reform plan aimed at attracting foreign investment, increasing private sector participation, and improving the performance of public enterprises. Officials said the latest additions include three petroleum-related firms and one tourism development company, reflecting the government’s continued commitment to strengthening the national economy.
Four Companies Added to the Programme
The cabinet confirmed that Engineering for Petroleum and Chemical Industries (ENPPI), Egyptian Linear Alkyl Benzene Company (ELAB), Petroleum Marine Services, and Maamoura for Reconstruction and Tourism Development have been included in the privatisation programme. The companies represent key sectors of Egypt’s economy and are expected to draw interest from domestic and international investors.
Economic Reform Strategy Continues
The latest announcement is part of Egypt’s ongoing strategy to reduce the state’s role in commercial activities while encouraging greater private investment. Authorities believe expanding private sector participation will improve efficiency, create new jobs, and support long-term economic growth. The programme also aligns with wider reforms intended to strengthen investor confidence and modernize the country’s business environment.
Official Statement
“The private sector remains a key partner in achieving sustainable economic growth and expanding investment opportunities across Egypt,”
the Egyptian government said while outlining its economic reform strategy.
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