Ahmed Kouchouk, Minister of Finance, affirmed that Egypt has witnessed accelerating private-sector-led growth while advancing a clean energy transition and reinforcing fiscal sustainability, during meetings with the chief executives of Coca Cola and ACWA Power and the Regional President of Schneider Electric for the Middle East and Africa on the sidelines of the World Economic Forum.

 

Kouchouk said that empowering the private sector is a cornerstone of Egypt’s economic strategy within a broader fiscal policy framework focused on stability, growth, and long-term sustainability

 

In his meeting with Coca-Cola Chief Executive Officer Zoran Bogdanovic, attended by Hassan El-Khatib, Minister of Investment and Foreign Trade, Kouchouk said Egypt will continue to incentivize private sector and expand its contribution to the national economy. 

 

The Minister added that tax and customs policies are being continuously developed in response to the business community to build greater trust, partnership, and support.

 

He stressed that fiscal policies have become more supportive of transforming Egypt into a regional hub for production and exports, inviting international partners to expand their activities in Egypt and benefit from unprecedented facilitation measures and result-based incentives.

 

He noted that Egyptian and foreign private sector investment responded strongly to recent economic reforms, recording a 73% increase during the last fiscal year.

 

In a separate meeting with ACWA Power Chief Executive Officer Marco Arcelli, Kouchouk said Egypt is targeting a shift toward cleaner, more sustainable, and lower-cost energy sources through greater reliance on the private sector.

 

He emphasized that public-private partnership (PPP) projects play a pivotal role in driving private investment in renewable energy.

 

The Minister underscored that the government remains open to any serious initiatives aimed at stimulating investment, adding that eligibility for incentives will be directly linked to the achievement of tangible results on the ground.

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During his meeting with Eng. Walid Sheta, Regional President of Schneider Electric for the Middle East and Africa, Kouchouk reiterated that manufacturing and exports are a top priority for boosting economic growth, supported by strong partnerships with both local and foreign private sector players.

 

He affirmed that the Egyptian economy is large and diversified, with a strong capacity to expand sustainable projects, noting that Egypt has promising opportunities to attract investment flows in energy technology.