Egyptian official indicates top sector of interest for private sector to implement PPP projects

CAIRO – 23 May 2022: Director of Public Private Partnership Central Unit at the Ministry of Finance Atter Hannoura stated Sunday that the most sector of interest for the private sector to implement projects through public-private partnerships (PPPs) is wastewater.

That is because there are 64 private companies that have submitted offers to partner up with the government in executing wastewater projects. As for the second sector of top interest, it is that of schools.

The official's statements came during an event held by the Ministry of Planning and Economic Development on alternative financing to sustainable development. The event included panels on PPPs and the role of The Sovereign Wealth Funds (SWFs) among others.

Speaking of partnerships between The Sovereign Fund of Egypt (TSFE) and private investors in the industrial sector, Chairman of Samcrete Holding and National Automotive Company Karim Samy Saad stated that the company is implementing a deal with the fund to develop 60 million square meters that were allocated to the establishment of industrial enterprises.

As for assessing the viability of investments, Senior Director at Global Sovereigns and Strategic Investors at Fitch Ratings Ameer Toma noted that the focus now is on the impact of investments on the society and the environment, and not the size.

Minister Hala al-Said had showcased in the opening that the mission of TSFE is to crowd in the private sector in developmental plans, which is the process that is going well until present.

Said underlined that remarkable investments and partnerships were sealed over the past two years in spite of the economic downturn.