62 Egyptian companies to be floated in first half of next year

Egyptian Minister of Public Enterprises Atef Ebied said that 62 companies will be floated for sale during the first half of the coming year to strategic investors.

The minister added that the sale of some 31 companies floated last quarter with a value of 3 billion Egyptian pounds will be settled in January.

He also stated that there is a great demand for buying the companies previously floated specializing in fertilizer, paper constructions, iron, and Egyptian-made trucks.

Ebied stated that the new companies that will be up for sale in the first half of next year will include companies dealing with internal trade and contracting companies .