Public, private sectors two wings of success - minister

CAIRO, Nov 30 (MENA) – Minister of Investment Sahar Nasr asserted on Friday that public private partnerships (PPPs) have made a great achievements in Egypt, especially in Benban Solar Park in Aswan.

Nasr’s remarks came during a symposium in London, organized by the British Egyptian Business Association (BEBA). Nasr is among Egypt’s delegation, grouping Transport Minister Kamel el Wazir, Finance Minister Mohamed Maait and Chairman of the Suez Canal Economic Zone (SCZone) Yehia Zaki, aiming at boosting economic ties with the UK, promoting investment potentials and expounding the progress Cairo has been made recently after implementing its reform program.

The government sees the private sector as a main locomotive for economic growth, so it enacted several legislative reforms for improving the business climate and attracting more investments into the country.

She pointed out that Egypt established more free and investment zones nationwide and expanded the investor service centers, aimed at helping the investors in doing work.

Nasr highlighted that the United Nations Conference on Trade and Development (UNCTAD) affirmed that Egypt is the most attractive for foreign direct investment in Africa during H1 2019, as it has attracted FDI flows worth USD3.6 billion.