Ministry of Planning
Minister of Planning, Rania Al-Mashat, highlighted the critical role of the MFA in driving these reforms and pointed to the forthcoming launch of a €1.8 billion EU-backed investment guarantee mechanism.
Rania Al-Mashat, Minister of Planning, Economic Development, and International Cooperation, presented that during the plenary session of the Senate.
The agreements span vital sectors including water treatment, sanitation, electricity, and railway infrastructure, reflecting Egypt’s commitment to sustainable development and regional cooperation.
This initiative seeks to activate €1.8 billion in investment guarantees, aiming to attract up to €5 billion in investments to support green transition sectors and other key priority areas.
She noted that the capital increase would enhance the IFC’s ability to expand its support to private companies.
She shared these details during a roundtable focused on population and human capital development in Egypt.
El Said, speaking at the Joint annual meeting of the Arab financial institutions in Cairo, mentioned that the government is presently engaged in evaluating offers and intends to make a selection soon
Egypt is currently targeting a growth rate of between 4 and 4.2 percent for FY2024/2025, she added and expects a slowdown to 2.9 percent for the current fiscal year with growth impacted by geopolitical tensions
This decision follows a suggestion from the World Bank and supports the government's plan outlined in its state ownership policy document
In addition, the country aims to achieve a total of LE 2 trillion in private-sector investments for FY2023/2024.
Public investments for the upcoming fiscal year are capped at LE 1 trillion to bolster private sector involvement, aiming to raise private investment to 50 percent of total investments, up from 40 percent this year
This revised target is significantly lower when compared to the program's previous achievements, which amassed around $5.6 billion between April 2022 and the conclusion of last year
Her participation in these meetings aims to address global challenges by exploring various financing solutions, fostering private-sector investments, and enhancing resilience against future disruptions.
This decision reflects Egypt’s commitment to safeguarding the interests of workers, particularly in light of recent internal and external economic developments, El-Said added.
Minister of Planning, Hala El-Said, met with ministry officials on Tuesday to evaluate the FY2023/2024 plan and achievements, project completion rates, and other key indicators under MPED’s purview
The minister spoke to media on the sidelines of yesterday’s Egypt – OECD Country Program conference, disclosing new details on the progress of the sales of Wataniya Petroleum, Jabal El-Zeit, and Safi
The minister added that the winning bid will be announced within a month to six weeks, and revealed that there are three main companies competing to acquire a share of the national petroleum products company
The ministry's report outlines foundational principles guiding development directions, priorities, and policies in line with Egypt's Vision 2030 and its overarching goals and development strategy
The protocols were signed during the third annual forum of startup companies launched by the Ministry of Planning in cooperation with the Greek Campus. The protocols were signed during the third annual forum of startup companies launched by the Ministry of Planning in cooperation with the Greek Campus.
This honor came as the media team represents the host country for the annual meetings of the Bank Group, which was held in Sharm El-Sheikh from 1-4 June under the auspices of President Abdel Fattah El-Sisi.
