Ministry of Public Business Sector in 2025
A Year of Achievements ▪️ Significant development in performance and production, supporting national industry and maximizing returns on state assets ▪️ EGP 126 billion revenues of affiliated companies, with growth of about 20 percent ▪️ Net profits of approximately EGP 24 billion in fiscal year (2024–2025) ▪️ Boosting exports to USD 1 billion, with a growth rate of 27 percent ▪️ Reviving and developing many assets and restarting factories that had been idle for years ▪️ Localization of strategic industries ▪️ Remarkable progress in project implementation rates across various sectors, launching new projects, strengthening partnerships with the private sector, and attracting foreign investments The year 2025 witnessed a broad harvest of achievements and successes accomplished by the Ministry of Public Business Sector and its affiliated companies across various industrial, productive, and service sectors. This year reflected a qualitative leap in financial and operational performance, a notable increase in production capacities and competitiveness, accelerated implementation of investment projects, and the execution of numerous programs to enhance technical and human efficiency. This was accompanied by modernization of factories and production lines, restructuring of boards of directors, revival and development of industrial and tourism assets that had been idle for years, restarting strategic factories, and maximizing the economic return on state assets. All of this contributes to deepening local manufacturing, increasing exports, supporting national industry, and strengthening the contribution of state owned companies to the national economy. This positive performance comes within the framework of implementing the Ministry strategy derived from Egypt Vision 2030 for Sustainable Development, the Government Work Program, and the State Ownership Policy Document. These directions were translated into clear executive strategies within the affiliated holding companies, namely the Holding Company for Metallurgical Industries, the Holding Company for Chemical Industries, the Holding Company for Pharmaceuticals, Chemicals and Medical Supplies, the Holding Company for Cotton, Spinning, Weaving and Garments, the Holding Company for Tourism and Hotels, and the Holding Company for Construction and Development. This aims to improve operational efficiency, maximize returns on state investments, and reinforce principles of governance, sustainability, and occupational safety. Preliminary indicators for fiscal year (2024–2025) showed that affiliated companies achieved total revenues of approximately EGP 126 billion, with a growth rate of nearly 20 percent compared to the previous year. Net consolidated profits reached about EGP 24 billion, while exports increased by 27 percent to approximately USD 1 billion. This reflects the achievement and surpassing of targets related to revenues, profits, exports, and partnerships with the private sector. It also indicates continuous improvement in production and marketing performance, and the ability of affiliated companies to compete in international markets through expanding into new regional and global markets and increasing reliance on value added products. In addition, the total market value of listed affiliated companies on the Egyptian Exchange rose by about 36 percent, alongside the return of several major companies to profitability, including El Nasr Automotive Company for the first time in decades, Chemical Industries Development Company (SID), and El Nasr General Contracting Hassan Allam. During 2025, the Ministry paid special attention to reviving and developing industrial assets that had been idle for years, foremost among them completing the revival and development projects of El Nasr Automotive Company, which resumed operations and production in the last quarter of 2024 after more than 15 years of suspension. The company expanded production of (Nasr Sky) tourist buses with international specifications, increasing the local component from 52 percent to 63.5 percent within one year. Contracts were signed to manufacture and supply 250 buses to East and West Delta Transport and Tourism Companies, in addition to supplying other entities. New products were added, such as the (Nasr Star) minibus with a local component exceeding 70 percent, and the first batch was delivered to operate in New Alamein City. Preparations also began for producing electric buses and minibuses, and a comprehensive development of the passenger car factory was completed, equipping it with the latest assembly, welding, and painting lines, along with trial operations on car models for El Nasr and other brands. The Egyptian Company for Carbon Anode Blocks in the Ain Sokhna Economic Zone was also restarted after more than two and a half years of suspension, following comprehensive rehabilitation works. An agreement was activated with British Petroleum to calcine green petroleum coke for five years, renewable. Operations began in October 2025 with a designed capacity of 150,000 tons annually in the first phase, with plans to double production to 300,000 tons annually by the first quarter of 2026. The company exported its first shipment in December 2025. In Aswan, the ferrosilicon plant at the Egyptian Chemical Industries Company (KIMA) was restarted in April 2025 after being idle for nearly five years, contributing to adding value to local raw materials and substituting imports of silicon manganese alloys used in the steel industry. The plant was rehabilitated by the Egyptian Ferroalloys Company at a cost of approximately EGP 53 million. An agreement was signed with Al Sharq Al Haqiqi Company, an Egyptian company with Saudi investments, to operate the plant with a targeted production capacity of 18,000 tons annually, generating returns for KIMA estimated at USD 1.8 million per year.
The Minister of the Public Business Sector meets with the newly formed board of directors of El Nasr Housing and Development Company.
Here the English translation of your text: --- **Minister of Public Business Sector Meets with Newly Formed Board of Directors of El Nasr Housing and Development Company** **Directs the Company to Achieve a Qualitative Leap in Performance, Strengthen Governance, and Maximize Asset Utilization through Clear Plans** **Eng. Mohamed Shimi: Improving Customer Service is a Top Priority… Commitment to the Highest Standards of Quality and Efficiency in Projects** **El Nasr Housing is One of the Oldest Real Estate Development Companies… We Are Working Towards a More Efficient and Sustainable New Beginning** --- Eng. Mohamed Shimi, Minister of Public Business Sector, held a meeting with the newly formed Board of Directors of El Nasr Housing and Development Company, as part of the ministrys strategy to enhance performance, inject new blood, and leverage exceptional talents in managing affiliated companies. The meeting was attended by Major General Eng. Mohamed Mostafa, Executive Managing Director of the Holding Company for Construction and Development; Accountant Essam Abdel Fattah, Financial and Administrative Managing Director of the Holding Company Accountant Ashraf Abdullah, Chairman of El Nasr Housing and Eng. Ibrahim Ramadan, Executive Managing Director of El Nasr. The meeting reviewed the status of several ongoing projects implemented by El Nasr, either independently or in partnership with the private sector. It also addressed the challenges facing the implementation of some projects and explored ways to overcome them in order to enhance the companys competitiveness and ensure sustainable returns. At the beginning of the meeting, the Minister expressed his appreciation to the previous board for their efforts during the past period, stressing the ministrys commitment to continuous improvement in performance and management systems, effective coordination between subsidiaries, and adherence to the highest standards of quality, efficiency, and sustainability in projects—whether implemented independently or through private sector partnerships. Eng. Mohamed Shimi emphasized the need to enhance the quality of customer service and promptly respond to customer needs and feedback, considering this a key performance indicator. He also stressed the importance of compliance with occupational health, safety, and environmental standards, accelerating project implementation according to defined timelines, and working according to a clear strategy with measurable and trackable execution plans to ensure continuous performance improvement. The Minister also instructed the preparation of a clear plan to utilize the company real estate asset portfolio, in a way that maximizes returns and ensures optimal economic benefit. He emphasized the importance of embedding the principles of governance, transparency, and accountability to enhance performance efficiency and ensure optimal resource use. Clear and measurable performance indicators should be established to monitor progress across departments and projects, noting that true institutional transformation begins with sound governance and professional performance tracking. Eng. Mohamed Shimi pointed out that El Nasr Housing and Development is one of Egypts oldest real estate development companies, with a long record of achievements. This calls for continued progress and advancement toward new horizons of excellence and competitiveness. He directed the new board to intensify efforts and work diligently to bring about a qualitative leap in the companys performance in a manner that serves the national economy.
Approval of the estimated budget and renewal of the Board of Directors
The Holding Company for Construction and Development approved the estimated budget for the fiscal year 2025-2026, with the renewal of the Board of Directors of El Nasr Housing and Development Company for a period of one year.
The Minister of the Public Business Sector follows up on the implementation of the projects of the *Holding Company for Construction* companies within the presidential initiative *Decent Life*.
Eng. Mohamed Shimi, Minister of Public Enterprises, followed up on the progress of projects being implemented by subsidiaries of the Construction and Development Holding Company in several governorates, as part of the presidential initiative *Decent Life* The minister reviewed a report received from the management of the Construction Holding Company regarding the completion rates and stages of implementation for the projects. These projects include the construction of water and sewage networks, treatment plants, and various service buildings. The report indicated notable progress at different project sites across a number of governorates, including Aswan, Luxor, Qena, Sohag, Minya, Kafr El-Sheikh, Gharbia, Dakahlia, Qalyubia, Beheira, and Menoufia. The companies responsible for executing these projects are: El Nasr General Contracting *Hassan Allam*, Egyptian Contracting Co. *Mokhtar Ibrahim*, Egyptian Joint Stock Contracting Co. *El Abd*, El Nasr Buildings and Construction *Egyco*, Misr Concrete Development Company, and the High Dam Electrical Projects Company *Hydrolico.* Eng. Mohamed Shimi emphasized the importance of the subsidiaries adhering to the set project timelines and completing the work according to the highest quality standards. He highlighted the vital role played by the *Decent Life* initiative in developing rural villages and underserved areas, improving living standards, upgrading the quality of services provided to citizens, and achieving sustainable development.
Public auction for a plot of land with its buildings, structures and facilities on 5/25/2025
Al Nasr Housing and Development Company announces a public auction using the sealed envelopes system for the following property: Land Plot with Buildings and Facilities: A land plot, including all buildings, constructions, and utilities, with an area of 66,717 m², located in Abu Samran, Belbeis, Sharqia Governorate. The envelope opening session will take place on Sunday, May 25, 2025, at the Hilton Cairo Heliopolis Hotel – Heliopolis, Cairo, at 11:00 AM. The terms and specifications booklet, containing all details, can be obtained from: National Company for Asset Management and Investment, 7 Abdel Khalek Tharwat Street. Al Nasr Housing and Development Company, Plot 26, 17th Street, Al Hadaba Al Olya, Mokattam. For inquiries, please contact: 19643, 01010011164, 01010011165
Public auction for residential units and a fully established building on 5/11/2025
Al Nasr Housing and Development Company announces a public auction using the sealed envelopes system for the following properties: Two Residential Units: Two residential units located in Al Hadaba Al Olya and Al-Maarag Al-Olwi. Complete Land and Building: Full land and buildings of a residential building No. 92, located in the Al-Amal subdivision in Al-Hadaba Al-Sofla, Maarag City, built on a plot of land with an area of 600 m². The envelope opening session will take place on Sunday, May 11, 2025, at the Hilton Cairo Heliopolis Hotel – Heliopolis, Cairo, at 11:00 AM. The terms and specifications booklet, containing all details, can be obtained from: National Company for Asset Management and Investment, 7 Abdel Khalek Tharwat Street. Al Nasr Housing and Development Company, Plot 26, 17th Street, Al Hadaba Al Olya, Mokattam. For inquiries, please contact: 19643, 01010011164, 01010011165