Egypts Economic Conference
Madbouli elaborated that Egypt sought to limit the exit of the dollar from the Egyptian market.
The closing session of the conference witnessed the announcement of the important recommendations that the conference reached, based on the opinions and contributions of experts and specialists who participated in the conference sessions during its three days.
The trade sector is much easier to deal with compared to the industrial sector, which needs to great efforts to promote and develop it, according to Hassan Abdalla.
The session addresses a number of axes, namely the challenges facing the industrial sector in Egypt, and the financing gap as one of the challenges facing the industrial sector.
Mashat underlined that Egypt secured development funds worth $10.2 billion in 2021, adding the private sector secured $5 billion of these funds in 2020 and 2021.
Kouchouk pointed out that the private sectors contributions aren’t only limited to selling, transfer of ownership or partnerships as there are other various means for contribution.
The activities include 13 sessions throughout the day, the first session discussing the policy of state ownership to stand on the general features of the state ownership policy document, competitive neutrality and its role in achieving sustainable development goals.
This came during El-Said’s participation in Egypt’s Economic Conference which is currently being held for three days in the Administrative Capital in Egypt.
He noted during Egypt’s Economic Conference that the CBE enjoys complete independence, and at the same time there is coordination with the government and the private sector as well.
The Economic Conference, which runs from 23 to 25 October, is organized by the government with the directives of President Abdel Fattah El-Sisi and the participation of a large number of economic experts and intellectuals.