Private Sector

More efforts required from private sector to enhance climate action: Mahmoud Mohieldin

Thu, 13 Oct 2022 - 02:53 GMT

In his speech, the climate champion referred to the recent report by the International Adaptation Centee, which indicated that 11.4 billion euros were spent on adaptation, with only 3 percent coming from the private sector, which requires further efforts in this regard.

Sisi: Private sector’s contribution to Egypt’s economy 70-75%, state to remove investment obstacles within 2 months

Tue, 27 Sep 2022 - 11:30 GMT

Sisi made his remarks on Tuesday during the inauguration of a number of projects belonging to the General Authority for Investment and Free Zones (GAFI).

Volume of private secor investments expected to hit LE 300 bln in Egypt's new fiscal year

Mon, 19 Sep 2022 - 06:46 GMT

The volume of private sector investments is expected to reach about 300 billion pounds during the new fiscal year.

Egypt's Health Min. offers gov't hospitals for investment to private sector

Thu, 15 Sep 2022 - 03:58 GMT

Abdel Ghaffar added that the hospitals offered to private sector companies for investment include, "The Coptic Hospital, Heliopolis, and Sheraton".

Gov't exit from some economic activities aims to empower private sector: Min.

Mon, 29 Aug 2022 - 05:25 GMT

Maait added that it also aims to increase the proportion of its contributions from the total implemented investments to 65 percent, and attract foreign direct investments of $10 billion annually over the next four years.

Fitch Solutions lauds gov't efforts to advance private sector participation: IDSC

Thu, 11 Aug 2022 - 11:57 GMT

In a statement, the IDSC said that Fitch Solutions expected Egypt's construction sector to grow by 11 percent on an annual basis in 2022.

PM urges private sector to benefit from investment opportunities in light of growing ties with UAE

Mon, 25 Jul 2022 - 03:16 GMT

Jaber pointed to large attention from brotherly countries to the initiative's details to join it.

Al-Mashat witnesses series of bilateral meetings on strengthening cooperation with gov't representatives, int'l institutions, private sector

Tue, 24 May 2022 - 04:14 GMT

The meetings were held on strengthening economic cooperation and increasing partnerships to support the global 2030 goals, as well as in preparations for COP27.

Egypt to launch National Strategy for Climate Change 2050 Thursday

Wed, 18 May 2022 - 02:45 GMT

Egypt will launch Thursday the National Strategy for Climate Change 2050 in an event that will be attended by Prime Minister Mostafa Madbouli and a large number of ministers.

EIB provides Egyptian public, private sectors with €3.35B during 2 years

Mon, 16 May 2022 - 06:04 GMT

The financing included development cooperation agreements with the government worth €1.5 billion in several vital sectors, namely transport, water and water treatment, and €1.85 to the private sector.

Gov't to start implementing Sisi's mandates to advance private sector participation

Wed, 27 Apr 2022 - 02:25 GMT

He pointed out that these directives will contribute to pushing the private sector's participation in state-owned assets, to double the role of this sector in developing the economy, and to launch an initiative to support and localize national industries by strengthening the role of the private sector and expanding the base of large and medium industries.

Egypt, World Bank discuss priorities on framework of strategic partnership 2023/27

Sun, 17 Apr 2022 - 02:54 GMT

The size of the current funding portfolio between Egypt and the World Bank is $5.5 billion directed towards 15 projects.

Private sector 'key partner' in Egypt's development: Planning Minister

Tue, 12 Apr 2022 - 03:55 GMT

Egyptian Minister of Planning and Economic Development Hala el Saeed highlighted Tuesday the importance of the role of the private sector as a "key partner in the development process" in Egypt.

AfDB: Egyptian govt works on engaging private sector in climate projects

Mon, 11 Apr 2022 - 02:36 GMT

Ahead of COP27, Egypt is preparing a guidebook to help governments, multilateral development banks and the private sector engage in the mobilization of climate finance, the bank added.

Measures to boost Private Sector participation in new energy projects - Minister

Mon, 07 Mar 2022 - 04:53 GMT

This vital sector is very interested in following many mechanisms to promote the participation of the Private Sector in different projects it is carrying out, topped by the new and renewable energy ventures, added Shaker in statements Monday.

PM on GERD: Egypt is not against development in Nile Basin countries but projects should not harm its water rights

Mon, 17 Jan 2022 - 11:47 GMT

In an interview with BBC News Arabic, Madbouli said Egypt even told the Ethiopian side of its desire to take part in the construction of GERD.

Egyptian minister indicates how many million tons of waste collected in 2021

Thu, 06 Jan 2022 - 10:31 GMT

The minister of local development disclosed the figure Wednesday.

Finance minister: New development projects through partnership system with private sector

Mon, 27 Dec 2021 - 03:12 GMT

The minister added that the new amendments included control on choosing projects carried out in cooperation with the private sector to promote good governance and grant investors an investment map for projects with the private sector.

Egypt aims to increase private sector's share in economy to 50%, IPO program to be expanded soon

Tue, 09 Nov 2021 - 03:47 GMT

This came during an open dialogue with representatives of the business community and development partners, during the conference organized by the Egyptian Businessmen Association.

Egypt aims to raise private sector's contributions to economy to 50%

Mon, 01 Nov 2021 - 02:23 GMT

Taxes digitization projects are a successful model for partnership with the private sector, as the national project to modernize and mechanize the tax system, with its various tributaries, is being implemented in cooperation with major international companies operating in Egypt.