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The report showed that program completion surged to 244.8 % of its original target once the deal was factored in, signaling that the initiative has surpassed its goals for attracting foreign direct investment.
The third progress report on Egypt’s State Ownership Policy Document revealed a dramatic shift in the performance of the government’s privatization program, fueled by the landmark Ras El Hekma deal signed with Abu Dhabi–based ADQ.
The report showed that program completion surged to 244.8 % of its original target once the deal was factored in, signaling that the initiative has surpassed its goals for attracting foreign direct investment.
Between March 2022 and June 2025, total proceeds reached USD 5.86 billion. Excluding the Ras El Hekma transaction, however, the achievement rate stands at 48 percent of the USD 12.2 billion target, highlighting the pivotal role the deal played in accelerating progress.
The document emphasized that the State Ownership Policy aims to raise the private sector’s contribution to the economy to 65 % by FY2025-26.
To provide clarity for investors, the government issued a list of 35 companies targeted for divestment, after adding Eastern Company, Ezz Dekheila Steel, and Telecom Egypt to the initial roster.
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A centralized privatization unit was created under the Cabinet to oversee implementation directly, including the selection of investment banks and legal advisors and the design of marketing strategies for each offering.
