Egyptian Planning Minister Hala Al-Saeed offered Qatari businessmen the opportunities to invest in Egypt during her promotional tour of several Arab countries.
The Egyptian minister reviewed the most important investment opportunities offered by the Egyptian Sovereign Fund and its role in attracting private investment, both domestic and foreign, as well as the investment sectors of the projects it oversees, stressing that the fund is the investment arm of the state. in line with the country’s development directions and plans, and has the flexibility to move forward and win the trust of the private sector.
El Said confirmed that the sovereign fund plan is in line with Egypt’s Vision 2030 and that Egypt aims to be on the international investment map, noting that the Egyptian government is currently evaluating a number of projects to be offered to the private sector. investors in Egypt and Qatar.
The Minister of Planning and Economic Development mentioned a number of sectors where the fund seeks to attract foreign investment for investment, such as desalination projects and renewable energy, explaining that the fund’s investment strategy focuses on the quality and abundance of renewable energy. and green energy and its use to produce a number of products such as green hydrogen.
Al-Saeed also mentioned the large investments made by the Egyptian state in recent years in infrastructure attracting domestic and foreign private investment, pointing to the launch of the National Structural Reform Program, which is based on several directions and aims to make the Egyptian economy more resilient and facing crises. Referring to the state ownership policy document, explain to investors the role of the state in various sectors as a regulator of economic activity in accordance with market mechanisms, as well as how the state can exit activities, indicating the development of some incentives for localization of production by focusing on green economy projects.
Source: RT
