Minister of Investment and Foreign Trade, Mohamed Farid, said the government is moving decisively to broaden ownership and expand private sector participation through offering stakes in state-owned companies.
These measures are aimed at improving asset efficiency, enhancing transparency, and attracting new domestic and foreign investments.
Farid’s remarks came during a meeting on Wednesday with a delegation from the European Bank for Reconstruction and Development (EBRD), headed by Mark Davis, Managing Director for the Southern and Eastern Mediterranean (SEMED) region.
The two sides explored ways to deepen their strategic partnership and expand co-operation in priority areas supporting economic growth and strengthening Egypt’s investment climate.
Talks focused on enhancing co-operation across several key pillars, particularly building institutional and technical capacities within investment and trade-related entities to improve performance and raise the quality of services provided to investors.
The two sides also reviewed the ministry’s ongoing efforts to establish specialised investment funds, with participation from Egypt’s sovereign fund, targeting productive sectors — most notably industry — through financing expansion and deepening local value chains. Discussions further addressed the launch of innovative fund models to support high-potential sectors, including sports and its related economy, as well as pharmaceutical research, with the aim of diversifying growth drivers.
Farid underscored Egypt’s commitment to strengthening co-operation with international partners to advance economic development, enhance competitiveness, and foster a stable and attractive investment environment.
For his part, Davis reaffirmed the EBRD’s continued support for Egypt through concessional financing and technical expertise, particularly in private sector development, green transition, infrastructure, and innovative financing mechanisms.
“The Egyptian economy is progressing steadily despite regional turbulence, and we have ambitious plans to expand partnership and co-operation,” Davis said, noting that collaboration spans foreign trade development, capacity building, data analytics, and investment funds.
