Evaluation of the Privatization Program in Arab Republic of Egypt

In 1991 the Egyptian government launches a wide-scale stabilization and reform program. Its main goal is achieving sufficient rates of growth. This paper in general aims to present the Egyptian experience as a successful example of a developing country. An evaluation of the privatization is made based on economic indexes and criteria. The privatization program in Egypt is carried out after long studies and analyses of the experience of many developed and developing countries. It turns out that there is no chance for success of the program for economic reform and overcoming the constant worsening of the national economy, unless structural reforms of the state sector are done. They should work for activating the role of the sector, together with the private sector. The country puts serious efforts in the change of ownership, mainly through privatization. Despite the starting of the Egyptian privatization in April 1996, preceded by many moves for sale of enterprises from the state sector, the dispute between the government and the representatives of the political trends continues. That is why this paper sets an important goal: to outline important contradictions, arguments, discussions, and to draw conclusions, recommendations and evaluations of the privatization program of Arab Republic of Egypt.