Emad stated that MSMEDA had previously disbursed $50 million from the World Bank as the first phase of the venture capital program.
Ehab added that the sector has created approximately 50,000 direct jobs and 250,000 indirect jobs.
The report unveils key recommendations that will contribute to the growth of the entrepreneurship sector.
“Recent events, such as the Gaza conflict, COVID-19 pandemic, and European crises, have added to the region's challenges, affecting commodity prices, import costs, exports, and supply chains, leading to higher inflation and tighter monetary policies,” Al-Kuwari added
Entlaq Company's CEO, Mohamed Ehab, stated that this program represents an investment opportunity for companies, workers, and investment institutions.
El-Said noted that the national structural reform program has four main pillars, the first one focuses on the real side of the economy which is: manufacturing, agriculture, and information and communications technology (ICT).
Maait said that the goal of the reforms is to inject more private investment flows into Egypt's economy and achieve more sustainable economic growth, led by the private sector in the upcoming period.
Middle East and North Africa Economist at Capital Economics, James Swanston, noted that even before the Ras el Hekma deal, investor sentiment towards Egypt had improved in recent months on the back of hopes that a new IMF deal will soon be secured.
Aboulghait emphasized that all projects in the Golden Triangle region are based on the principles of sustainability and commitment to green practices.
Zater added when asked about the Ras El Hikma deal, that exchange rate stability would attract investors.
Themis came during a session entitled,”Promotional efforts to attract foreign direct investment”.
Farid announced, during his speech at the annual summit of Capital Markets, Monday, the issuance of new rules for the listing and removal of carbon emissions reduction certificates in the coming days.
Through analyzing the evolution of net foreign direct investments over the past nine years, excluding the COVID-19 period, foreign direct investments entering non-petroleum sectors reached a net flow of $11 billion.
According to a government report, the Northwest Coastal region, with its various resources, is Egypt’s hope for absorbing the population increase over the next 40 years, estimated at about 34 million people.
The company stated in a filing to the EGX that the collaboration in implementing the Ras El Hikma project aligns with the group's strategy of creating continuous added value that benefits its shareholders by maximizing returns and creating additional value.
This directive was given during a meeting on Sunday, chaired by the Prime Minister, to monitor the provision of necessary financing in foreign currency for strategic goods and medicines.
The government expects the project to attract investments of up to $150 billion during its development, helping to provide millions of job opportunities and inject liquidity into the Egyptian economy.
the project represents the largest direct investment deal in the country's history, noting that it will bring $150 billion in investments to Egypt over the project's lifetime.
The deal involves $150 billion in investments during the project development period, including around $35 billion in direct investments for the Egyptian state within two months.
Al Lamki shared insights in an exclusive interview with ET during the Egypt Energy Show (EGYPS) 2024, marking the company's first participation in the conference, which Al Lamki described as impressive and exciting.
