Mashat: Gov't keen on greater participation of private sector in development

CAIRO - 22 January 2020: International Cooperation Minister Rania el Mashat asserted the Egyptian government's keenness on the greater participation of the private sector in the development process.

This came during her participation in a session on the future strategy in the Middle East on the sidelines of the World Economic Forum Annual Meeting (Davos 2020) that kicked off on Tuesday in Switzerland in the presence of a number of heads of state, ministers, decision-makers, and representatives of global companies and international organizations.

Speaking at the session, Mashat said that the International Cooperation Ministry is working on promoting partnership between the public and private sectors in implementing development projects, citing the Benban Solar Park in Aswan, which is a photovoltaic power station, with a total capacity of 1650 MWp.

The session also discusses means of taking advantage of the Fourth Industrial Revolution to achieve economic development and overcome major regional challenges and crises, in addition to the future economic opportunities in the Middle East region,

Celebrating its 50th anniversary, the Davos meetings address rising inequality, trade tensions, technological disruptions, climate change, and geopolitical uncertainty that all threaten to weigh on already-fragile economic growth at the start of the new decade.

Mashat is scheduled to take part in several sessions on the future of gender equality, the technological infrastructure, and economic integration in the Middle East and North Africa region.

The minister is set to meet with members of international finance institutions and Egypt's development partners to review the government's program's priorities in the coming period to achieve Egypt Vision 2030 goals in line with UN Sustainable Development Goals (UN SDGs).