The investment climate in Egypt has become more stimulating and attractive thanks to the efficient infrastructure and the political will supporting the state path of development, Minister of Finance Mohamed Maeet said.
Minister Maeet made the remarks during a meeting with Eng. Hani Salem Sonbol, CEO of The International Islamic Trade Finance Corporation (ITFC) and Acting CEO of the Islamic Corporation for the Development of the Private Sector.
The government, Maeet added, is hard at work to further expand the private sector contribution in development through promising prospects in competitive fields that take the environmental dimension into account, in line with the state’s efforts for achieving green transformation.
He also pointed out that the government is making tireless efforts, to boost the influx of more local and foreign investments, in addition to improving procedures and policies stimulating investment.
In addition, Maeet explained that the government has adopted a flexible path for managing the state public finances, which has helped absorb internal and external shocks resulting from successive global crises.
In the meantime, the finance minister stressed his keenness on bolstering co-operation with the ITFC for developing the financing system using all possible types of instruments.
He also pointed to Egypt’s support for facilitating flow of trade through making optimal use of modern technology to simplify and mechanize customs procedures.
For his part, the ITFC top official expressed the readiness to provide all possible support to Egypt, in line with the corporation’s rising activities in this regard.
We look forward to participating in financing and investing in climate projects, and being more present with the private sector through financing programs, especially in investment projects related to energy, education and technology, Sonbol added.