Hala El Said
In addition, the country aims to achieve a total of LE 2 trillion in private-sector investments for FY2023/2024.
Public investments for the upcoming fiscal year are capped at LE 1 trillion to bolster private sector involvement, aiming to raise private investment to 50 percent of total investments, up from 40 percent this year
This revised target is significantly lower when compared to the program's previous achievements, which amassed around $5.6 billion between April 2022 and the conclusion of last year
Her participation in these meetings aims to address global challenges by exploring various financing solutions, fostering private-sector investments, and enhancing resilience against future disruptions.
This decision reflects Egypt’s commitment to safeguarding the interests of workers, particularly in light of recent internal and external economic developments, El-Said added.
The implementation of an enhanced accounting methodology has yielded valuable insights into the volume and sectorial distribution of private investment, aligning with the government's objective of creating a realistic investment map
El-Sisi pointed to the importance of ensuring that investments are channeled in a manner that maximizes benefits for the citizens
The sector's investments account for 5% of the total investments in the plan, with the private sector playing a crucial role in driving growth
The agreements include investments of $12 billion for the pilot phase and approximately $29 billion for the first phase
In the previous fiscal year, FY22/23, Egypt anticipated a growth of around 31 percent in private investments, while the actual growth rate achieved in FY21/22 was 29 percent.
Taqa Arabia, Abu Dhabi National Oil Company (ADONC), Emirates National Oil Company (ENOC), and Petromin are currently competing for the acquisition of shares in Wataniya
Minister of Planning, Hala El-Said, met with ministry officials on Tuesday to evaluate the FY2023/2024 plan and achievements, project completion rates, and other key indicators under MPED’s purview
During the meeting, Said reflected on the latest update of Egypt Vision 2030 that was added recently to the website of the ministry
MPED minister El-Said met with the bank’s executive team on Wednesday, reviewing several economic development files such as the National Program for Economic Reforms
The government’s target for the next fiscal year (FY2023/2024) is set at 4.2 percent, she stated during a cabinet meeting chaired by the Prime Minister on Thursday
The chairperson stressed TSFE’s dedication to creating opportunities for national and foreign investors while ensuring the rights of future generations
Minister of Planning and Economic Development, Hala El Said met with a delegation of Japanese investors led by Kanazawa Yukio, the owner of Titan Capital and Mizuha Company.
The minister spoke to media on the sidelines of yesterday’s Egypt – OECD Country Program conference, disclosing new details on the progress of the sales of Wataniya Petroleum, Jabal El-Zeit, and Safi
The minister added that the winning bid will be announced within a month to six weeks, and revealed that there are three main companies competing to acquire a share of the national petroleum products company
The ministry's report outlines foundational principles guiding development directions, priorities, and policies in line with Egypt's Vision 2030 and its overarching goals and development strategy
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