Egypt’s gov’t must support private sector: National Dialogue assistant rapporteur

CAIRO - 15 May 2023: The Egyptian state must support private investment when it faces slowdown while preventing monopoly and ensuring competitive neutrality, National Dialogue assistant rapporteur Mahmoud Sami said Monday.

Sami, a parliamentarian and assistant rapporteur of the Public Investment Priorities Committee of the National Dialogue, told Channel One that the government plans to gradually reach 65 percent of investments by the private sector in the coming period.

Private investment must be given a great space because it is the guarantor of growth rates, he said, adding that preserving public investments through the Sovereign Fund of Egypt is also a priority. 

The National Dialogue is underway in Egypt, gathering representatives of all segments of the society to discuss means to improve political, social, and economic conditions in Egypt.