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Country-Plan Projects and Tenders |
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7236 Subject |
خصخصة قطاع صناعة الاسمدة وعقبات تزول قريبا A unique diagnostic of difficulties delaying the privatization of Egypt fertilizer industry presented by Dr. Mahmoud Mohie El Din, Minister of Investment. |
| Date Published | Monday, October 18, 2004 |
| Source Name | Al Alam Al Yom |
| Location Name | Country Wide |
| Description | Media reports have quoted Egypt Minister of Investment, Dr. Mahmoud Mohie El Din, presenting a (unique) diagnostic of difficulties and challenges delaying the privatization of the national (nitrogen) fertilizers industry. The Minister claimed monopoly practices, setting of upper ceiling for product prices, export restrictions & applied policies governing prices of major industry inputs (particularly natural gas & electricity) etc. all need be addressed before proceeding with the projected privatization. Statements came in full harmony with earlier reported statements of Eng. Rashid Mohamed Rashid, Egypt Minister of Foreign Trade & Industry, confirming that no restrictions to privatization of companies whatsoever except to those producing medicines. He assured that unless those issues are addressed, no investors would buy shares in (nitrogen) fertilizers companies. |
| Sectors Section |
Beneficiary Sectors - Agriculture & Food Fertilizers & Agro Chemicals - Petroleum - Oil, Gas & Petrochemicals Petrochemicals - Industry Fertilizers & Agro Chemicals Petrochemicals |
