Agence France-PresseApril 30, 2013 11:16
Egypt's President Mohamed Morsi said Tuesday his government will no longer privatise state firms, in a break with a policy launched in the 1990s by his ousted predecessor Hosni Mubarak's regime.
There will be "no more sale of the public sector, that is finished... and we will no longer do away with workers," he said in a televised May Day speech before workers in Helwan, south of Cairo.
"Encouraging the private sector and private investments does not mean an alternative to the public sector, which must be developed," said the Islamist president who was elected last June.
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