Private Sector

Al-Mashat witnesses series of bilateral meetings on strengthening cooperation with gov't representatives, int'l institutions, private sector

Tue, 24 May 2022 - 04:14 GMT

The meetings were held on strengthening economic cooperation and increasing partnerships to support the global 2030 goals, as well as in preparations for COP27.

Egypt to launch National Strategy for Climate Change 2050 Thursday

Wed, 18 May 2022 - 02:45 GMT

Egypt will launch Thursday the National Strategy for Climate Change 2050 in an event that will be attended by Prime Minister Mostafa Madbouli and a large number of ministers.

EIB provides Egyptian public, private sectors with €3.35B during 2 years

Mon, 16 May 2022 - 06:04 GMT

The financing included development cooperation agreements with the government worth €1.5 billion in several vital sectors, namely transport, water and water treatment, and €1.85 to the private sector.

Gov't to start implementing Sisi's mandates to advance private sector participation

Wed, 27 Apr 2022 - 02:25 GMT

He pointed out that these directives will contribute to pushing the private sector's participation in state-owned assets, to double the role of this sector in developing the economy, and to launch an initiative to support and localize national industries by strengthening the role of the private sector and expanding the base of large and medium industries.

Egypt, World Bank discuss priorities on framework of strategic partnership 2023/27

Sun, 17 Apr 2022 - 02:54 GMT

The size of the current funding portfolio between Egypt and the World Bank is $5.5 billion directed towards 15 projects.

Private sector 'key partner' in Egypt's development: Planning Minister

Tue, 12 Apr 2022 - 03:55 GMT

Egyptian Minister of Planning and Economic Development Hala el Saeed highlighted Tuesday the importance of the role of the private sector as a "key partner in the development process" in Egypt.

AfDB: Egyptian govt works on engaging private sector in climate projects

Mon, 11 Apr 2022 - 02:36 GMT

Ahead of COP27, Egypt is preparing a guidebook to help governments, multilateral development banks and the private sector engage in the mobilization of climate finance, the bank added.

Measures to boost Private Sector participation in new energy projects - Minister

Mon, 07 Mar 2022 - 04:53 GMT

This vital sector is very interested in following many mechanisms to promote the participation of the Private Sector in different projects it is carrying out, topped by the new and renewable energy ventures, added Shaker in statements Monday.

PM on GERD: Egypt is not against development in Nile Basin countries but projects should not harm its water rights

Mon, 17 Jan 2022 - 11:47 GMT

In an interview with BBC News Arabic, Madbouli said Egypt even told the Ethiopian side of its desire to take part in the construction of GERD.

Egyptian minister indicates how many million tons of waste collected in 2021

Thu, 06 Jan 2022 - 10:31 GMT

The minister of local development disclosed the figure Wednesday.

Finance minister: New development projects through partnership system with private sector

Mon, 27 Dec 2021 - 03:12 GMT

The minister added that the new amendments included control on choosing projects carried out in cooperation with the private sector to promote good governance and grant investors an investment map for projects with the private sector.

Egypt aims to increase private sector's share in economy to 50%, IPO program to be expanded soon

Tue, 09 Nov 2021 - 03:47 GMT

This came during an open dialogue with representatives of the business community and development partners, during the conference organized by the Egyptian Businessmen Association.

Egypt aims to raise private sector's contributions to economy to 50%

Mon, 01 Nov 2021 - 02:23 GMT

Taxes digitization projects are a successful model for partnership with the private sector, as the national project to modernize and mechanize the tax system, with its various tributaries, is being implemented in cooperation with major international companies operating in Egypt.

Presidential decree approving loan deal to support private sector in Egypt

Thu, 28 Oct 2021 - 10:17 GMT

The agreement contributes to funding a program for supporting projects and facilities of micro, small and medium enterprises of the private sector in Egypt.

Mashat: Partnerships with EBRD resulted in propelling involvement of private sector in development

Mon, 18 Oct 2021 - 02:22 GMT

The meeting also addressed current projects underway as part of the cooperation portfolio between the two sides and Egypt's efforts to carry out the green transformation.

IFC invests in Egypt’s 1st private sector green bond by $100M

Tue, 03 Aug 2021 - 02:17 GMT

IFC added in a statement that this investment is to help unlock finance for climate-smart projects, reduce greenhouse gas emissions, and support the country's transition to a greener economy.

11.4K expats work in Egypt's private sector: CAPMAS report

Thu, 15 Jul 2021 - 03:00 GMT

The Central Agency for Public Mobilization and Statistics (CAPMAS) released Thursday the annual report on foreigners working in the private sector in Egypt for the year 2020.

Maait: presidential directives to open new development vistas for private sector

Sun, 04 Jul 2021 - 11:42 GMT

Despite the coronavirus pandemic, the ministry was keen on stabilizing the tax policies, noting that Egypt was at the forefront of countries that applied e-bill system.

Egypt receives $1.9B in financing from development partners for private sector in H1 of 2021

Wed, 30 Jun 2021 - 06:56 GMT

The minister added that the International Finance Corporation is Egypt's main partner in financing directed to the private sector, with a value of $1.2 billion in various development sectors, infrastructure, education, health, mining, in addition to financial markets.

IFC invests $421M in Egypt's private sector in 2020 raising overall development financing to $4B

Wed, 05 May 2021 - 01:50 GMT

The IFC, which is focused on developing private sector in Egypt, has invested over $4 billion in Egypt over the past decade, despite the COVID-19 pandemic;