Promoting investment opportunities to attract foreign capital inflows to Egypt An open dialogue at the Administrative Capital between the business community and representatives of the Asian Bank next 7 September Exchanging views at a panel discussion on the development role of the Asian Bank in supporting the private sector Reinforcing the instruments of future cooperation to achieve sustainable development Finance Minister and Egypt’s governor with the Asian Infrastructure Investment Bank (AIIB) Mohamed Maait held a high-level meeting with the Higher Committee in charge of following the executive situation of subcommittees currently preparing for hosting the eighth annual meetings of AIIB on 25 and 26 September, which will be held in Africa for the first time in the city of Sharm El-Sheikh.
Finance Minister Mohamed Maait stressed the importance of making use of this international event to promote investment opportunities in Egypt and highlight the state’s keenness to give incentives to the private sector and enhance its contribution to the economic activity in a way that goes in line with the Asian Bank’s prestigious finance opportunities offered to the private sector to invest in the promising infrastructure and development projects in Egypt and in a way that can attract capital inflows.
Finance Minister and Egypt’s governor with the Asian Bank indicated that the Finance Ministry will conduct an open dialogue between the symbols of Egypt’s business community and the representatives of the Asian Bank on investment in infrastructure projects. This will come through the panel discussion which will be held at the Administrative Capital next 7 September under the title “the Development Role of the Asian Bank in Supporting the Private Sector and the Aspects and Instruments of Future Cooperation”, with the objective of creating new development partnerships between the local private sector and the Asian Bank which offers easy-term finance.
Other objectives include maximizing the benefits from the Asian Bank’s policy of supporting green projects, particularly in the field of renewable energy. There will be exchange of views and opinions on the development role of the Asian Bank in supporting the private sector and deepening the ways and instruments of future cooperation to achieve sustainable development. Finance Minister and Egypt’s governor with the Asian Bank also pointed out that the participation of three thousand internationally influential economic figures at the AIIB’s meetings, including 106 finance ministers and central bank governors can effectively contribute to attracting foreign investors to Egypt which is currently witnessing huge investments into the infrastructure sector, making them more capable to accommodate productive activities in a way that can help achieve economic recovery and support the macroeconomic infrastructure to stand up to the external and internal challenges which followed the war in Europe. Deputy Finance Minister for Fiscal Policies and AIIB’s Board Member Ahmed Kouchouk said we have high hopes that the Asian Bank will play a greater role in supporting the march of development in Egypt through creating opportunities for the private sector and stimulating it to invest in sectors of priority to the Egyptian state and are internationally competitive, including projects of transformation to the green economy, in line with the extended cooperation between the two sides, which led to financing projects that were felt by citizens during the past period.
