Arab Finance: Ahmed Kouchouk, Minister of Finance, confirmed that investments in partnership contracts with Private sector “PPP” during the last fiscal year amounted to 19.8 billion pounds, in the areas of solid waste transfer, dry ports, transformer stations, electricity distribution networks, technical education, and strategic goods warehouses. During the current fiscal year, we target 6 new projects in partnership with the private sector at an investment cost exceeding 27 billion pounds. A number of projects are being studied to establish electricity transformer stations, sewage treatment, technical schools, warehouses, and wholesale markets.
The minister said that the partnership system with the private sector (PPP) provides competitive opportunities for the local and foreign business community to invest in Egypt, and is considered an alternative framework for public investments, allowing the flow of private investments in the Egyptian economy, within the framework of the state’s keenness to create an attractive business environment aimed at increasing the contribution and role of… The private sector in investment activities, in a way that helps advance the process of comprehensive and sustainable development, and contributes effectively to improving the standard of living of citizens. Taking into account the private sector's ability to finance, manage more efficiently, and provide high-quality services.
The Minister indicated that we are working to stimulate the private sector to participate in the implementation of public services and infrastructure projects, especially in light of setting a binding ceiling for the state’s total public investments, and thus there is a large and diverse space for the private sector to participate in pumping more development investments into sectors of national priority. He explained that the “participation with the private sector” system opens promising horizons for implementing the objectives of the state ownership policy document, which is consistent and integrated with financial policies, procedures, incentive initiatives, and other institutional reforms that support the business community.
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