In a strategic move, the HCCD, under the Ministry of Public Enterprises Sector, has crafted a comprehensive blueprint for the overhaul of its subsidiaries. The initiative targets transitioning from the Public Business Sector Law No. 203 of 1991 to the more contemporary Law No. 159 of 1981.
Insiders revealed to Daily News Egypt that this transformation will encompass 10 companies over three years. This includes a quintet in the contracting realm, a trio in housing and electricity, alongside a design enterprise. Notable mentions are Nasr General Contracting, Egyptian Contracting, and El Nasr Building and Construction.
The completion of this ambitious plan is slated for the months end, with subsequent evaluations in June and September to mo…
Read the full article at: https://www.dailynewsegypt.com/2024/03/21/hccd-outlines-restructuring-plan-for-subsidiaries/