Egypt launches account to fast-track PPP projects

Egypt’s Finance Minister Ahmed Kouchouk on Sunday announced the launch of a new account to finance studies and advisory services for public-private partnership (PPP) projects, aimed at expanding private sector participation and accelerating development.

The new initiative, launched in cooperation with the European Bank for Reconstruction and Development (EBRD), will provide technical support and reduce project preparation time from 15 months to just eight weeks, allowing more than 10 PPP projects to be rolled out simultaneously, the ministry said.

Kouchouk said the private sector accounted for 65 per cent of Egypt’s total investments last year, with 30 PPP projects worth 41 billion Egyptian pounds approved in dry ports, water, wastewater, power distribution, and technical education. Future projects are expected to be worth 25–30 billion pounds annually.

Planning Minister Rania Al-Mashat said the initiative underscores Egypt’s role as a hub for partnerships with global financial institutions and investors, while adviser Adel Hanoura stressed it would provide greater certainty for the business community.

Attribution: Amwal Al Ghad English

Subediting: Y.Yasser