CAIRO, June 16 (MENA) - Prime Minister Mostafa Madbouly affirmed the follow-up of the implementation of the Initial Public Offering (IPO) program in the communications and information technology (ICT) sector.

During a meeting held Monday, the prime minister followed up on implementation of the program and reviewed steps taken to put the process into effect in the communications and information technology sector.

All efforts came within the framework of the State Ownership Policy Document and its vision for the optimal utilization of state assets, whether by building partnerships with the private sector or offering percentages of these assets to achieve the goals of encouraging the private sector and enhancing its participation in driving the growth of the Egyptian economy.

The meeting was attended by Minister of Communications and Information Technology Amr Talaat, Minister of Investment and Foreign Trade Hassan el-Khati, Chairperson of the Board of Directors of the National Postal Authority Dalia el-Baz
Managing Director and CEO of Telecom Egypt Mohamed Nasr el-Din and Assistant Minister of Investment for Investment, Promotion and Government Offerings Ghada Nour.

The minister of communications reviewed the key outcomes of meetings held with the Cabinet's committee responsible for government offerings, as well as with representatives of the International Finance Corporation (IFC), a member of the World Bank Group.

The meeting took up key projects that could be optimally utilized through partnerships with the private sector.

Talaat also reviewed the most important opportunities for partnerships with the private sector in the telecommunications sector and the areas that would be proposed to achieve the goals of the government offerings program, including expanding the fiber optic network, mobile towers and data centers.

All drives contribute to enhancing investment in this promising sector and providing distinguished digital services to citizens, achieving digital transformation, developing digital infrastructure, and supporting technological innovation. (MENA)

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