Private Sector

Egypt, IFC discuss expansion of development finance to increase private sector participation

Mon, 30 Jan 2023 - 04:45 GMT

The Minister pointed out the importance of expanding the scope of cooperation between the IFC and private sector companies in Egypt through credit lines to banks to promote the development of small, medium and micro enterprises (SMEs), in addition to the availability of green bonds, to increase investments in various fields.

Egypt, World Bank discuss 2023/2027 country partnership framework, private sector engagement

Sun, 29 Jan 2023 - 04:16 GMT

Minister of International Cooperation Meets the WBG Regional Director for Equitable Growth, Finance and Institutions to Discuss 2023-2027 Country Partnership Framework (CPF) & Private Sector Engagement

Sisi approves Egypt’s ownership policy document to regulate state’s presence in economic activities

Thu, 29 Dec 2022 - 10:34 GMT

Egypt’s President Abdel Fattah El-Sisi has approved the State Ownership Policy Document that aims at regulating the state’s presence in economic activities.

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.