Ministerial Committee Discusses Developing Steel Company

A ministerial economic committee reviewed, in its meeting under Prime Minister Sherif Ismail, current offers to develop the Egyptian Iron and Steel Company.

The public business sector minister said alternatives to develop and restructure the company are being studied.

The meeting was attended by the ministers of planning, housing, supply and internal trade, agriculture, petroleum, trade and industry, finance, irrigation, tourism and investment.

On the other hand, the committee reviewed a report issued by the World Bank (WB) and the International Finance Corporation on "doing business" in Egypt.

The report has mentioned that Egypt has secured high ranks in some indicators in 2016 compared to the previous year, including the establishment of companies and obtaining credit.

Egypt has also achieved progress in some indicators including the issuance of licenses, protecting small investors and settling insolvency cases and obtaining electricity services, according to the report.

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