Egypt eyes more private investment in talks with Future of Egypt

Egypt is looking to expand private-sector participation in its economy and unlock new investment opportunities through closer coordination between the Finance Ministry and the Future of Egypt for Sustainable Development, Finance Minister Ahmed Kouchouk said on Wednesday.

Kouchouk’s remarks came during a meeting with Bahaa El-Ghannam, the authority’s executive director, as officials discussed ways to support growth, boost employment and advance development projects aligned with the country’s economic strategy, according to a ministry statement.

At the centre of the discussions was a push to leverage state assets and financial resources more efficiently to diversify revenue streams and raise productivity, while promoting projects capable of delivering sustainable job creation, particularly for young people.

“We are looking to strengthen cooperation … to support economic growth through development projects capable of creating sustainable jobs,” Kouchouk said, adding that the government also wants to encourage broader private-sector participation across key industries.

Discussions also covered plans to scale up small and medium-sized enterprises and widen private-sector participation in development initiatives, in line with Egypt’s Vision 2030 agenda.

El-Ghannam said deeper cooperation with the Finance Ministry would help accelerate the pace of economic development, adding that the authority is working to implement projects with long-term economic and social returns.

He said the agency aims to create a more attractive investment environment and position the private sector as a central partner in development, supporting job creation and broader economic growth.

The meeting reflects Egypt’s ongoing push to crowd in private investment and strengthen the role of non-state actors in driving the economy.

Attribution: Amwal Al Ghad English