Egypt needs private sector role in projects

Egypt has proved successful in implementing public projects with the participation of the private sector, said Minister of Investment Ashraf Salman.He added in a speech at the Public Private Partnership Summit on in Cairo on Monday that his country was ranked in the top four by the World Bank in terms of the number of PPP projects in the MENA region.

Salman noted that hi country’s ranking follows South Africa, Morocco and Kenya, adding that Egypt could reach this position through a proper regulatory framework, infrastructure and operational maturity and a proper investment climate.

The Egyptian minister said that Egypt spent $22bn in public private participation in infrastructure (PPI) from 1990 to 2014, in the MENA region, while around $105bn was spent in PPI during the same period.

For his part Egypt’s Minister of Housing Mostafa Madbouly said that his ministry will launch projects related to water and sanitation for private sector investments.