Egypt, EBRD launch PPP project preparation mechanism

Egypt has launched a new mechanism to prepare public-private partnership (PPP) projects, in cooperation with the European Bank for Reconstruction and Development (EBRD), the Cabinet said on Sunday.

Planning Minister Rania Al-Mashat said the mechanism will provide technical and financial support across sectors, reinforcing the government’s strategy to position the private sector as a central partner in economic development. She noted that more than 80 per cent of EBRD’s investments in Egypt already go to private firms.

Al-Mashat pointed to recent improvements in economic performance, including GDP growth of 4.77 per cent in the third quarter of fiscal year 2024/25, the fastest pace in three years and up from 2.2 per cent a year earlier. Private sector investment rose to 62.8 per cent in the same quarter, surpassing public sector investment, according to the statement.

She added that Egypt’s international partnerships now extend beyond concessional financing to include technical support for structural reforms. Examples include International Finance Corporation (IFC) cooperation with the civil aviation ministry on airport management and EBRD projects with the Suez Canal Economic Zone (SCZONE).

The government is pursuing structural reforms and its National Narrative for Economic Development to improve competitiveness, expand exports, and increase private sector participation in high-productivity industries, she said.

Attribution: Amwal Al Ghad English

Subediting: Y.Yasser