Dr. Ahmed Bahaa Shalaby, head of the Parliamentary Committee of the Defenders of the Homeland Party in the House of Representatives, said that President Abdel Fattah El-Sisi’s assignments to the government to present an integrated vision for the advancement of the Egyptian Stock Exchange, and to put shares of state-owned companies and companies owned by the armed forces in the stock market before the end of the year, will have a great impact on pumping Liquidity in the Egyptian capital market, and attracting a lot of foreign investments; Due to the strength of the Egyptian government companies and the attractiveness of their shares, which has already been tested previously and achieved success.
In a statement today, he stressed the importance of President Abdel Fattah El-Sisi’s decisions during the Egyptian family’s breakfast party yesterday, Tuesday, in supporting the national economy to be able to face global challenges.
He valued the President’s directive to enhance all aspects of support provided to wheat farmers in Egypt, noting that this would encourage farmers to expand wheat cultivation, which would reduce the volume and cost of imports in light of global challenges and high wheat prices.
He also valued the president’s assignment to the government to double the support of the private sector to play its role in developing the economy, noting that this confirms the president’s belief in the importance of the role played by the private sector in advancing the economies of countries.
The head of the Parliamentary Committee of the Defenders of the Nation Party stressed the importance of launching an initiative to support and localize national industries to rely on the local product, especially at a time when all countries of the world are going through economic crises, noting that using that time to rely on our national industry and work to support and develop it is important.
Representative Ahmed Bahaa Shalaby praised the president’s directives regarding the continuation of the subsidized goods exhibitions, as well as the reactivation of the presidential pardon committee and the call for a national dialogue in which all party and youth political currents participate. .
And the president decided to assign the government to announce a clear plan that will be adhered to to reduce the public debt as a percentage of the national income, and assigning the government to present an integrated vision for the advancement of the Egyptian Stock Exchange, and assigning the government to announce a program for the participation of the private sector in state-owned assets, and assigning the government to start offering shares from state-owned companies. In the Egyptian Stock Exchange, and assigning the government to put companies owned by the armed forces on the stock exchange before the end of this year, and directing to complete the payment of the private debts of a number of debtors and debtors.
The president’s decisions also included strengthening the role of the private sector in expanding the industrial base for large and medium industries, reactivating the work of the presidential pardon committee, providing that it expands its work base with the competent agencies, assigning ministries, institutions and agencies concerned constantly, and the work of exhibitions continues until the end of the current year to reduce the burdens on citizens, and assigning Managing the National Youth Conference, in coordination with all political party and youth currents, to conduct a political dialogue,