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PM: State keen on empowering private sector as key development partner

President Abdel Fattah al-Sisi’s directives to the government prioritize investment and foreign trade as fundamental pillars for achieving a strong economic leap, Prime Minister Mostafa Madbouly said.

Madbouly was speaking during a meeting on Monday, March 2, 2026,  to review the investment ministry’s work plan, in the presence of Deputy Prime Minister for Economic Affairs Hussein Eissa and Minister of Investment and Foreign Trade Mohamed Farid.

The premier reaffirmed the government’s commitment to moving forward with structural reforms and removing any obstacles facing investors.

He noted that the state is paying significant attention to paving the way for the private sector, viewing it as a leading development partner.

Madbouly said that the government is focusing on maximizing untapped potentials by capitalizing on the diverse and unexplored opportunities all across the country, while leveraging the achievements of recent major investment deals to ensure a sustained pace of economic growth.

Briefing the prime minister on his ministry’s vision, which aims to position Egypt among the top global investment destinations and as a leading regional hub by 2030, Farid said the ministry’s strategy revolves around building a competitive and sustainable economy, creating a stimulating business environment through flexible legislation and effective executive policies, and optimizing digital transformation to streamline procedures for both investors and exporters.

The minister outlined nine parallel operational paths designed to achieve measurable results on the short run, which include supporting entrepreneurship, financing growth and building on existing state initiatives; simplifying the entire lifecycle of companies through digital transformation; shifting from “receiving” investment to actively “targeting” high-value-added production based on sectoral and geographical priorities, and enhancing the management and development of state-owned assets.

The government operational paths also include advancing the government IPO program and improving market efficiency via legal amendments; launching specialized tools to support priority sectors and the private sector, linking incentives to performance through digital infrastructure, utilizing renewable energy and carbon credit certificates to help Egyptian companies access global markets, and promoting governance and transparency by updating accounting and auditing standards to align with international benchmarks, the minister explained.

Highlighting a significant growth in private investments as a percentage of GDP over the last three years, Farid said this growth testifies to increased business community confidence in the state’s reform measures.

He also touched on a recent rise in Foreign Direct Investments (FDIs) relative to GDP, supported by major investment deals, topped by Ras El Hekma project on the North Coast

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