Minister of Investment and Foreign Trade Hassan El-Khatib and Minister of Planning and Economic Development, and International Cooperation Rania Al-Mashat met with International Finance Corporation (IFC) CEO Makhtar Diop to discuss expanding cooperation in private sector financing and implementing Egypt’s State Ownership Policy Document, as per a statement.

Egyptian startups have attracted $2.2 billion in venture capital investments since 2020, Minister of Planning, Economic Development, and International Cooperation Rania Al-Mashat announced.

The Red Sea coastline, with its pristine beaches, year-round sunshine, and strategic location, emerges as one of Egypt’s most promising frontiers for economic development. As the government seeks to diversify its economy and boost tourism, attracting private sector investment to purchase and develop land along this stretch of coast has become significant. From luxury resorts to integrated tourism hubs, the potential for job creation, foreign revenue inflows, and regional revitalization is immense.

Egypt has received $16 billion in concessional financing from development partners for the public and private sectors since 2020.

Minister of Labor Mohamed Gobran has announced that next Thursday, September 4th, will be an official holiday for the private sector on the occasion of Prophet Muhammad's birthday

In recent years, Egypt has embarked on a transformative journey aimed at rebalancing its economic landscape. A cornerstone of this ambitious endeavor is the strategic imperative to expand the role of the private sector significantly while reducing the state's pervasive presence in various economic activities. This shift is not merely an ideological preference; it is a pragmatic response to pressing economic realities and a forward-looking vision for sustainable growth.

Minister of Labor Mohamed Gobran has declared July 24th as an official holiday for the private sector on the occasion of the July 23rd Revolution Day

The Egyptian government and the European Union (EU) have officially launched the €1.8 billion Investment Guarantee Facility under the European Fund for Sustainable Development Plus (EFSD+), marking a major milestone in joint efforts to empower the private sector and promote sustainable investment in Egypt.

Prime Minister Mostafa Madbouly witnessed the signing of a series of strategic agreements between the Egyptian government, development partners, and private sector companies during the “Development Finance to Foster Private Sector: Led Growth and Job” conference, organized by the Ministry of Planning, Economic Development, and International Cooperation.

Managing Director of the International Finance Corporation (IFC) Makhtar Diop will visit Egypt from June 15th to 16th to reaffirm the institution’s commitment to supporting the country’s economic development by enhancing private sector participation.

Prime Minister Mostafa Madbouly met with Makhtar Diop, CEO of the International Finance Corporation (IFC), and his accompanying delegation to discuss ongoing cooperation and explore new opportunities for private sector engagement, particularly in the management and operation of Egyptian airports.

The Minister of Electricity and Renewable Energy Mahmoud Esmat handed over qualification certificates for four private renewable energy projects under the private-to-private (P2P) system, with a total capacity of 400 megawatts and investments amounting to $388 million.

The European Bank for Reconstruction and Development (EBRD) has invested over €13.8 billion (EGP 790 billion) in the Egyptian economy since 2012

Egyptian Prime Minister Mostafa Madbouly declared Monday, April 21st, a paid holiday for both the public and private sectors in observance of Sham El-Nessim.

The Egyptian government expects to finalize an agreement with the International Finance Corporation (IFC) before mid-March to offer the management of 11 airports to the private sector.

The National Wages Council (NWC) has decided to raise the minimum wage for private sector workers to EGP 7,000, effective March 1st.

The Islamic Corporation for the Development of the Private Sector (ICD), the private sector arm of the Islamic Development Bank Group (IsDB), has signed the 2025 Country Work Program for Egypt.

The Ministry of Planning and Economic Development and International Cooperation has signed a memorandum of understanding (MoU) with the European Bank for Reconstruction and Development (EBRD) to enhance cooperation in implementing public-private partnership (PPP) projects.

Private investments represented 63% of total implemented investments during the first quarter (Q1) of the current fiscal year (FY) 2024/2025.

Prime Minister Mostafa Madbouly has declared a decision to form six specialized advisory committees to enhance communication channels between the government and the private sector.