Dr.
President Abdel Fattah El-Sisi is changing the economic landscape of Egypt by empowering the private sector to play a larger role in economic development and exiting or reducing the role of the state in a number of economic activities and fields, according to Minister of Finance Mohamed Maait. He added that “the state ownership policy document” outlines these changes. It helps establish a “economic constitution” that aims to increase the private sector’s contributions to public investments and national output, as well as to maximise its production, export, and competitive capabilities in regional and global markets by diversifying patterns of participation with the private sector to achieve the highest economic return on state assets and work to establish effective mechanisms for market regulation.
providing exceptional investment opportunities in booming industries, allowing investors and the business community to greatly profit from the expansion of the infrastructure.
During one of the economic conferences, the minister continued: “We meet today and we celebrate the glorious victories of October. We resolve to inspire one another with the spirit of national alignment, defying challenges and moving together to unite sincere efforts to realise the aspirations of the great Egyptian people in the new republic, which the president succeeded in.
“Abdel Fattah El-Sisi is laying the foundations on strong foundations that help provide a decent life for citizens in its various terms, as an inherent right of human rights, in a way that translates presidential directives to benefit everyone with the fruits of development, which has become a prominent feature that we witness its tributaries in various governorates, centres, cities, villages, and hamlets, so that Egypt moves towards restoring The bright civil era.
In conjunction with Egypt’s presidency of the upcoming climate summit, which is scheduled to take place in November, Maait emphasised the state’s eagerness to listen to development partners’ voices and exchange ideas in order to determine how best to stimulate the investment climate and remove any barriers. This is done in a way that is consistent with green incentives.
which translates the National Climate Change Strategy 2050, which supports the expansion of environmentally friendly projects with private sector involvement; To guarantee the sustainability of clean investment, lower harmful carbon emissions, and boost Egypt’s competitiveness in the Environmental Performance Index by raising the share of publicly funded green investments to 50% by 2025.
Finance Minister: The commemoration of our victories in October helps us overcome obstacles.
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