2024/08/05

Madbouly reviews investment plans with Kouchouk

Prime Minister Dr. Moustafa Madbouly met today, Monday, with Ahmed Kouchouk, Minister of Finance, to follow up on a number of the ministry’s work files.

The Minister of Finance reviewed the outcomes of his visit to London, highlighting the positive reception from international investors during meetings with leading financial institutions and investment banks. He discussed Egypt's latest economic and financial developments and investment opportunities, emphasizing the government's commitment to stimulating growth through increased private sector participation, both domestic and foreign.

Kouchouk emphasized that this meeting was part of ongoing efforts to engage with the private sector. He outlined the government's initiatives to encourage private investment in development sectors, including the implementation of stable tax policies to boost investment, support production and exports, and enhance competitiveness. The Minister also highlighted Egypt's attractive investment climate, particularly its advanced infrastructure and strategic incentives for both domestic and foreign investors.

Kouchouk highlighted the successful collaboration between the Ministry of Finance and the Central Bank, emphasizing their joint efforts in advancing the government's policy agenda. The Ministry's pivotal role in completing the government proposals program has been instrumental in bolstering the state's financial capacity, increasing private sector involvement, and optimizing asset management.