The Egyptian government will present a set of major national projects in several economic sectors to accelerate economic growth that slowed down due to political, economic, and security turmoil since 2011.
The government, represented by more than nine ministries, is participating in the two-day Egypt Mega Projects conference that starts Monday. During the conference, the government will propose several projects to the private sector. The government aims to attract more investments that contribute to decreasing unemployment rates.
During the conference, the Ministerial Economic Committee will reveal their efforts to restore Egypt’s position on the international investment scene. They will shed the light on the investment environment in Egypt, analyse available data, and reveal trade potentials and suggested projects.
The conference will focus on the energy sector and its future plans to meet the country’s needs through accurate analysis of supply and demand of energy in the region and the investment plans in the new energy projects.
The Public Private Partnership Unit (PPP Unit), affiliated to the government, will present the joint projects that are currently in progress with the private sector. The unit will also reveal its efforts to develop the joint projects between the public and private sectors, including construction, operation, and transformation systems at regional and local levels.
The conference will address the role of the banking sector and financial institutions in providing sufficient funds to implement the national projects during the session. It will also address the role of international financial institutions in financing private sector and development projects in Egypt.
The conference sessions will also tackle the foreign currency shortage crisis, namely the dollar, and how to manage the foreign currency reserves and the expenditure rate. It will also discuss which sector has priority to receive the funds; food, service facilities, or healthcare.
A special session will be held to monitor the progress of the Suez Canal Area Development Project, which includes building industrial regions, public and private investments, tax incentives, and logistic projects.
The conference will also monitor the steps followed by the housing sector and whether the current housing units’ prices are suitable. It will also discuss how to incentivise the private sector to participate in housing projects.
