President Abdel Fatah El Sisi highlighted Tuesday the vital role of the state-owned companies in pushing forward the Egyptian economy.
The president made the remarks during a meeting with Prime Minister Ibrahim Mahlab and Minister of Investment Ashraf Abdel-Tawab Salma.
Presidential spokesman Alaa Yusef said the meeting took up means to help insolvent public company, under construction enterprises along with the re-engineering of downgraded corporations.
New plans would help new investments and administrative restructuring, Investment Minister Ashraf Salma reviewed during the meeting.
The plans were expected to give fruit before holding an international economic conference scheduled in the first quarter of 2015, the spokesman noted.
The planned economic conference aimed to attract foreign investments to kick-start the country's post-30 June economy.
The president called again for doubling efforts to help refreshing the economic and social development.
Also, he directed the ministers to reach a balance between production and salaries.
Sisi never forgets to stress the quality as a must for competitiveness of the made-in-Egypt products.