We look forward to attracting new segments of investors in govt IPO programme: Egyptian minister

We look forward to attracting new segments of investors in govt IPO programme: Egyptian minister

Egypt - Mohamed Maait, Minister of Finance, said that the investment climate in Egypt has become more stimulating and attractive. It has strong infrastructure that is capable of accommodating more productive activities. The political leadership is also strongly supporting development action by expanding the contributions of the private sector, taking into account the environmental aspect, in line with the government’s trend towards green transformation and expanding environmentally friendly projects. Maait pointed out that the government is making great efforts for an influx of more domestic and foreign investments. A lot of measures, procedures and policies currently aim to stimulate investment, including: the State Ownership Policy Document and the Government IPO programme. During his meeting with Hani Salem Sonbol, CEO of the International Islamic Trade Finance Corporation (ITFC) and acting CEO of the Islamic Corporation for Development (ICD), Maait noted that Egypt is pursuing a flexible path in managing the state’s public finances. “This will enable us to accommodate internal and external shocks resulting from successive global crises, as well as meet the basic needs of citizens, without prejudice to the requirements of the safe economic path. It is based on raising the efficiency of public spending, achieving financial discipline, and