Egyptian Minister of Finance Mohamed Maait underlined the state’s interest in encouraging the private sector’s contribution to the national development plans.
During a meeting with British Ambassador in Cairo Gareth Bayley on Thursday, he said the government has implemented unprecedented projects to promote the infrastructure and pave the ground for securing an investment attractive climate, referring to the legislative amendments made to serve this end.
Maait said the government is taking several measures to support the private sector in the current period.
He added that mechanizing taxes and customs would positively affect the business climate in Egypt.
He added that the government debt to GDP will decrease as of the coming fiscal year.
For his part, the British ambassador hailed the reform efforts carried out by Egypt despite of the difficulties facing the international economy.
He congratulated Maait for the successful issuance of Egyptian bonds in London Stock Exchange, adding that this reflects investors’ confidence in the Egyptian economy.
He added that he will focus during his term in office to lure more British investments to the Egyptian market as a gate to African markets.
Discussion about this post