Egypt's President El-Sisi Pushes for Private Sector Growth at World Government Summit

Dubai, United Arab Emirates - President Abdel Fattah El-Sisi participated in a session on "Empowering the Private Sector and the Role of The Sovereign Fund of Egypt (TSFE)" at the World Government Summit in Dubai. The session, attended by top government officials and business leaders, aimed to showcase the investment opportunities available in Egypt and the role of the Sovereign Fund of Egypt in promoting private sector growth.

During the session, the President emphasized the state's efforts to spur private sector activity and establish investment partnerships that benefit all parties. He also reviewed measures taken to strengthen the institutional framework for investment, including the adoption of the State Ownership Policy Document. This document seeks to promote competitive neutrality and establish the Sovereign Fund of Egypt as a mechanism for advancing partnerships with the local and foreign private sector.

The President expressed that the private sector is a key partner in the development process, and outlined the priority sectors for investment, including agriculture, industry, services, health, education, and tourism. The ministers present at the session offered an overview of the investment mechanisms and opportunities in Egypt, while the CEO of the Sovereign Fund of Egypt showcased the fund's various activities and projects.

The session highlighted the importance of private sector growth in achieving the objectives of Egypt's development strategy and furthering the country's economic growth. President El-Sisi's participation in the session demonstrates the government's commitment to promoting private sector growth and attracting investment to the country.