President Abdel-Fattah El-Sisi on Monday encouraged the optimal use of assets belonging to the public business sector in line with the principles of good governance.
He underlined the importance of ensuring the best management of assets to protect public funds and state-owned lands in cooperation with the ministries of public business sector and housing, a statement by the presidency read.
This came during a meeting he had on Monday with Prime Minister Mostafa Madbouly; Minister of the Public Business Sector Hisham Tawfiq; and Minister of Housing, Utilities, and Urban Communities Assem El-Gazzar.
The meeting also dealt with following up on cooperation between the ministries of the public business sector and housing on making use of assets in the best way possible, the presidency added.
El-Sisi was also briefed on Egypt's efforts to survey the untapped assets in the public business sector as part of the government's strategy to achieve the best economic and investment returns from the state’s resources nation-wide, the presidency said.
*This story was edited by Ahram Online