Minister of Investment and Foreign Trade Mohamed Farid said enhancing the efficiency of state-owned asset management is a strategic priority that requires advanced public–private partnership models to accelerate implementation and unlock new investment opportunities.
Farid made the remarks during a meeting on Wednesday with key government and industry stakeholders to advance plans for developing Egypt’s tourism assets.
The move forms part of broader efforts to improve the management of state assets and stimulate the growth of service exports.
Discussions during the meeting focused on strategies to optimise the use of tourism assets and maximise their economic returns, alongside mechanisms to strengthen coordination among relevant entities to ensure more efficient project execution.
The minister stressed that adopting modern partnership frameworks with the private sector is essential to speeding up project delivery and transforming underutilised assets into productive contributors to economic growth.
Farid highlighted the significant potential of the tourism sector and its related services to drive the expansion of Egypt’s service exports, noting that leveraging these capabilities would help boost foreign currency revenues and support wider economic objectives.
He further underscored that expanding into African markets represents a central pillar of the ministry’s strategy in the coming phase, pointing to promising opportunities in sectors such as education, tourism, and technical services.
Farid also called for the adoption of more innovative and dynamic approaches to promoting investment opportunities, emphasising the importance of engaging leading companies and industry experts to effectively market projects and maximise returns.
