Reuters – Egypt’s Interim president suggested on Wednesday the biggest Arab nation was open to the idea of resuming privatisation, a move that could help revive confidence in the battered economy after years of turmoil.
President Hosni Mubarak, who was ousted by a popular uprising in 2011, sold off a number of state companies in an attempt to encourage growth of the private sector. But some of the deals were tainted by allegations of corruption.
Privatisation could send a positive signal to investors, who have been unnerved by chronic political turbulence and street violence since Mubarak’s fall.
The country’s economy has suffered from the instability, growing by only 2.1 percent in the last fiscal year.
This month, Mansour approved a law preventing third parties from challenging contracts made with the government.
He has not outlined his economic policies.