Egypt’s private sector is key engine of economic growth – minister

Egypt’s government firmly believes that the private sector is a key engine of economic growth and has thus undertaken legislative reforms, paving the way for a suitable business atmosphere, said Investment Minister on Friday.

Sahar Nasr made these remarks during a conference held on the sidelines of a door-knock mission to the UK, which was organised by the British Egyptian Business Association (BEBA). The mission discussed bolstering bilateral cooperation between the two countries during a three-day visit to London from November 27 to 29.

“The Investment Ministry is developing and establishing more free zones in various Egyptian governorates,” Nasr further said.

The mission included Egyptian Minister of Finance Mohamed Maait, Minister of International Cooperation and Investment Sahar Nasr, and Transport Minister Kamel al-Wazir, besides Yehia Zaki, Chairman of the Suez Canal Economic Zone (SCZone).

It aimed to promote opportunities for investment in various sectors in Egypt, including education.

Also, the mission put the health sector at the top of its priorities, and has devoted a large part of its activities to discuss the latest developments in the healthcare sector in Egypt with its opportunities and challenges, as well as addressing the insurance system.