Dr. Mahmoud Salem, Director of the Technical Office of the minister of Public Enterprise Sector said that 61 companies are currently restructured; 30 companies of them are related to the textile sector; because they suffer from financial problems, overloaded manpower and old machines which need modernization. The modernization of machines requires 200 million dollars; which will be modernized through phases because financing the restructuring process will be through resources and revenues of the privatization related to the market and selling processes.
Date:11/1/2001
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