Egypt to offer investors full ownership in some military controlled companies

Egypt may offer stakes of as much as 100% in some military-linked firms as the country steps up efforts to attract private investment. The minister of Planning and Economic Development and chairman of Egypt's Sovereign Wealth Fund, Hala al-Saeed said that the agreement aims to study the restructuring of several National Service Projects Organisation (NSPO) companies in order to maximize the value of these assets and develop them. The military controls dozens of companies, ranging from agriculture and industry to services and mining, through several entities, including the National Ser...