This is a top priority for the Egyptian state, Soliman was reported by local media as saying during the annual meeting of the American Chamber of Commerce in Egypt
The Sovereign Fund of Egypt (TSFE) is eager to strengthen its cooperation with the private sector, with the aim of increasing its participation in development efforts and maximizing returns from state-owned assets, said TSFE head Ayman Soliman.
This is a top priority for the Egyptian state, Soliman was reported by local media as saying during the annual meeting of the American Chamber of Commerce in Egypt.
The TSFE is working on implementing plans to stimulate effective private sector participation, with Soliman stressing the local economy’s competitive advantages in terms of diverse investment opportunities.
Egypt’s 2016 economic reforms have improved the investment climate, said Abla Abdel Latif - Chair of the Presidential Advisory Council for Economic Development, and the Executive Director and Director of Research of The Egyptian Center for Economic Studies (ECES) - adding that more incentives are required to increase foreign capital inflows.
The ECES chair highlighted the government’s IPO program, but stated that the program was not enough to boost private sector participation in Egypt’s development, adding that one solution would be to stimulate and encourage the private sector to lead development plans and efforts.
