Hesham Tawfik

Public business sector Min. offers 4 investment opportunities to Egypt's sovereign fund

Sun, 16 Aug 2020 - 01:50 GMT

These opportunities include administrative buildings in the center of Cairo, large areas of land owned by holding companies, and in "very important areas in the countryside."

New transport entity formed after merging of 3 companies- minister

Tue, 30 Jun 2020 - 01:29 GMT

A new transport entity has been formed after merging three companies to support Egyptian products and promote foreign trade, in cooperation with the private sector.

Public business sector ministry, Cairo commerce chamber sign agreement on digitization

Wed, 13 May 2020 - 11:10 GMT

The public business sector minister said that the agreement comes in light of the leading digitization experiment adopted by his ministry as well as its experience in dealing with the international companies in this regard.

Min.: Parliamentary committee approves in principle amendments to Law 203/1991

Tue, 12 May 2020 - 12:56 GMT

Tawfik said huge investments were being pumped into public sector affiliated companies, including firms of textiles, medicine, trade, transport, tourism and hotels.

Plan underway to develop Egypt's cotton industry, says minister

Sun, 12 Apr 2020 - 02:56 GMT

CAIRO, April 12 (MENA) - Minister of the Public Business Sector Hesham Tawfiq said on Sunday that a plan was in the pipeline in coordination with the agriculture and trade ministries to develop Egypt's cotton industry. The minister made the remarks at

Egypt, Belarus discuss cooperation in microbus manufacturing

Tue, 17 Mar 2020 - 11:17 GMT

A memo was signed between the two sides in this respect in August 2019.

Egyptian public business minister receives bt100 award

Tue, 03 Mar 2020 - 08:40 GMT

Egyptian Minister of Public Business Sector Hesham Tawfik on Tuesday was granted an award by leading economics magazine Business Today, during the annual BT100 ceremony that honors top influential figures and companies positively impacting the Egyptian ec

Minister: We seek to revive textile industry, restore Egyptian cotton glory

Sun, 16 Feb 2020 - 03:49 GMT

He said that the developed gin in Fayyoum and other new gins would produce pure cotton with special standards to help improve the price of exported cotton.

Egypt seeks boosting foreign trade with world countries: Minister

Wed, 18 Dec 2019 - 01:33 GMT

According to a statement by the ministry, he noted that a maritime line between the Egyptian port of Ain Sokhna and the Kenyan port of Mombasa will be launched by mid-2020.

Egypt launches Ain Sokhna-Mombasa shipping line

Mon, 21 Oct 2019 - 08:00 GMT

Egypt launched a shipping line from Ain Sokhna Port to Mombasa Port in Kenya, Public Enterprise Minister Hisham Tawfik said.

Profits of affiliated companies doubled in 2017/18: min.

Tue, 23 Apr 2019 - 03:24 GMT

Minister of Public Business Sector Hesham Tawfik said that the companies are working in many fields.

EGX attracts 0.04% foreign investment to Egypt in 2018

Tue, 23 Apr 2019 - 01:30 GMT

The Egyptian Exchange played a role in attracting foreign investments to Egypt by 0.04 percent despite the slowdown in the global economy during 2018, Nasr said.

Egypt signs LE 10.5B contracts to supply equipment to spinning, weaving companies

Wed, 17 Apr 2019 - 01:13 GMT

This is considered the first development of the machines, as most of them have been working since the 19th – early 20th century.

2nd phase of gov’t IPOs include sectors that do not exist on EGX

Sun, 24 Mar 2019 - 02:47 GMT

The strategic objectives of the government’s IPO program are to expand the ownership base, increase governance practices and private sector participation in management, and provide the necessary financing to restructure and develop companies.

Egypt, Nissan cooperate in establishing new automobiles factory

Tue, 19 Mar 2019 - 01:54 GMT

The ministry asked the Japanese company to use Nasr auto-assembling factory and turn it into an export hub through exporting around 50,000 cars annually.

Egypt mulls launching shipping lines to increase trade exchange

Sun, 03 Mar 2019 - 03:33 GMT

The strategy is meant also to promote the Egyptian exports especially vegetables and fruits, he noted.

Minister reviews position of El Nasr company to improve its performance

Tue, 25 Dec 2018 - 10:09 GMT

Minister of Public Business Sector Hisham Tawfik reviewed with the board of El Nasr for Imports and Exports Company efforts and plans of the company to improve its performance after the losses it incurred over the past years.

Public business sector ministry keen to develop money-losing companies: min.

Wed, 12 Dec 2018 - 12:06 GMT

The reports revealed that 26 companies constitute 90 percent of the total losses, Tawfiq said, adding that 25 companies will be developed while the National Cement Company will be shut down.

Delta Steel Mill under development to up production 5 to 10 times

Mon, 10 Dec 2018 - 02:21 GMT

The ministry said recent statements by Public Enterprise Minister Hesham Tawfik where he was quoted as saying that the "steel industry is not strategic" were taken out of context.

Third Real Estate Development Conference starts

Tue, 30 Oct 2018 - 11:18 GMT

Tawfik said that the Egyptian government is adopting a policy of providing lands for developers and investors for setting up industrial zones and residential areas.