Expanding Egyptian-American investment partnerships to increase the contribution of the private sector to the Egyptian economy

We have promising opportunities in various competitive sectors. The government is serious about creating an attractive and "investor-friendly" business environment

The Economic Ministerial Group is working to solve all challenges and it adopts a comprehensive and ambitious vision to increase the role and contribution of the private sector

We aim to reduce the burdens and costs of investment in Egypt to increase productivity and drive economic growth

We are working with the Ministry of Investment to limit and govern all fees, reduce burdens «as much as possible» and consolidate collection bodies

Increasing private investments in the Egyptian economy in light of setting a ceiling for public investments of the state by one trillion pounds

We need to direct our priorities and targets in favor of human and social development to improve the lives of citizens

We are working on an ambitious strategy to improve all indebtedness indicators and reduce the volume of external indebtedness and debt burdens

We aim for more efficient management of the financing issue and greater reliance on concessional financing and expansion of partnership systems with the private sector

 

 

 

Minister of Finance, Ahmed Kouchouk, stressed that we look forward to greater cooperation with the American Chamber of Commerce to attract more foreign direct investment flows to all sectors in Egypt, and that we aim to expand Egyptian-American investment partnerships to increase the contribution of the private sector to the Egyptian economy, explaining that we have promising opportunities in various sectors characterized by competitiveness, and that the government is serious about creating an attractive and "investor-friendly" business environment.

 

The Minister said, at a round table at the American Chamber of Commerce on the sidelines of the meetings of the IMF and the World Bank in Washington, that the Ministerial Economic Group is working to solve all challenges, and adopts a comprehensive and ambitious vision to increase the role and contribution of the private sector in investment, development and economic activities, pointing out that we aim to reduce the burdens and costs of investment in Egypt to increase productivity rates and drive economic growth. He added that we are working with the Ministry of Investment to limit and govern all fees, reduce burdens "as much as possible" and unify collection bodies, in a way that contributes to increasing private investments in the Egyptian economy in light of setting a ceiling for public investments of the state by one trillion pounds during the current fiscal year.

 

The Minister added that we need to direct our priorities and goals in favor of human and social development to improve the lives of citizens, stressing that we are working on an ambitious strategy to improve all indebtedness indicators and reduce the volume of external indebtedness and debt burdens, and that we aim for a more efficient management of the issue of financing and greater reliance on concessional financing and the expansion of "partnership with the private sector" systems.