Egypt approves 30 public-private projects worth $771M
Approved investment pipeline spans multiple sectors as government seeks private capital, stronger production and improved infrastructure delivery
CAIRO, Egypt (MNTV) — Egypt has approved 30 projects under its public-private partnership program involving planned investments of 41 billion Egyptian pounds, equivalent to approximately $771 million, Finance Minister Ahmed Kouchouk said.
According to a report published by Reuters and carried by Zawya, Kouchouk announced the figures during a panel discussion alongside International Monetary Fund and World Bank meetings in Bangkok.
He said some approved projects had already entered the implementation phase, while additional initiatives were being prepared across several sectors.
The government intends to expand private-sector participation in delivering public projects, with an emphasis on quality, management and maintenance.
Public-private partnerships allow governments to work with private investors and operators to finance, develop or manage projects, potentially easing pressure on public budgets while bringing additional expertise into service delivery.
Kouchouk said further projects were planned as authorities sought to build a stronger pipeline of initiatives capable of attracting investment. T
he government is also working to improve the country’s investment climate through tax and customs packages and incentives intended to encourage production, manufacturing and exports.
Private-sector participation currently accounts for approximately 65% of Egypt’s total investments, according to the minister.
The government is seeking to strengthen this role as it pursues economic development and attempts to mobilize additional domestic and international capital.
Kouchouk also called for development banks to play a greater role in international partnerships and in mobilizing public and private financing for Africa.
He stressed the importance of preparing commercially viable development projects in developing countries and securing financing at lower costs.
The approved projects form part of Egypt’s wider effort to attract private investment and improve public infrastructure and services.
Their ultimate economic impact will depend on implementation, financing arrangements and whether the projects deliver the intended improvements in quality and efficiency.
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