Egypt eyes bigger EBRD portfolio to boost strategic sectors – FinMin at Davos

Egypt is seeking to expand the European Bank for Reconstruction and Development’s (EBRD) role in the country to support private sector growth and strategic investments, Finance Minister Ahmed Kouchouk said Thursday.

Speaking on the sidelines of the World Economic Forum in Davos with EBRD Vice President Matteo Patrone, Kouchouk highlighted strong performance in manufacturing, telecommunications, IT, tourism, and exports, saying these sectors are driving positive economic momentum.

“Egypt’s collaboration with the EBRD has proven an effective model for public-private partnerships, offering technical support and concessional financing,” Kouchouk said. “We look forward to a greater role for our international partners in supporting inclusive and sustainable development.”

The minister added that the government aims to expand the EBRD’s portfolio in renewable energy, export-oriented goods and services, and other strategic sectors. Attractive investment opportunities are backed by incentives and initiatives designed to facilitate investors and enhance the competitiveness of the Egyptian economy.

Kouchouk also stressed that Egypt’s economic and fiscal policies are structured to support private sector activity, with exports serving as a key driver of growth.

Attribution: Amwal Al Ghad English