The term privatization may be frowned upon every time it is discussed as a solution to the development and renewal of governmental establishments, and it raises a lot of reservations and questions. Privatization usually is discussed as an ineffective solution and a quick way to deprive the citizen of his rights and benefits from any advantages offered by government bodies, we might be able to console this to the previous history of privatization in Egypt, as most of the public sectors that were privatized by previous governments did not succeed in increasing the productivity of these sectors at a price that is proportionate to the size of privatized sectors, perhaps one of the most prominent example of companies that have been privatized was the starch and glucose Company “Nesha And Glucose”, which was unique to the Middle East and was privatized in 2003 and sold to a businessman. The company was bought for 160 million pounds, of which only 126 million pounds were paid, even though its assets exceeded 400 million pounds. A report by the Center for Land Rights done on the corruption of the sale of public sector companies as part of the privatization program in Egypt revealed that, the sale of Egypt's assets -after the sale announcement- had produced proceeds from the sale estimated at 32 billion pounds from the total value of selling 314 companies, while the proceeds from selling 326 companies were also 32 Billion which was the total value of selling only 314 companies. The Central Agency for Public Mobilization and Statistics (CAPMAS) published data from the Ministry of Finance revealing that between 1991 and 2009, 407 public sector companies were sold, with sales exceeding 57.3 billion dollar, resulting in the referral of more than 500,000 workers to early retirement.