Egypt’s Al Mashat discusses investment climate with Goldman Sachs

Egypt’s Minister of Planning, Economic Development and International Cooperation Rania Al Mashat met with Goldman Sachs’ Chief Economist for the Middle East Farouk Sousa and bank officials to discuss Egypt’s economic progress and efforts to improve the investment climate.

Al Mashat highlighted the government’s focus on maintaining macroeconomic stability since launching its reform programme, which centres on stabilising the economy, enhancing the business environment, and promoting a green economy.

She noted increased development financing for the private sector, reaching $4.2 billion by the end of last year, and ongoing talks with the EU for €4 billion in macroeconomic support.

The minister also outlined initiatives to empower the private sector through improved management of state assets and stronger public-private partnerships, including collaboration with the International Finance Corporation to develop airport infrastructure and services.

Attribution: Amwal Al Ghad English
Subediting: M. S. Salama