Egypt prioritises improving investment climate, stimulating private sector

The state prioritises boosting investments by solving problems facing investors and creating an investment-friendly environment, Prime Minister Mostafa Madbouly said on Monday.

Madbouly made his remarks while chairing a meeting of the ministerial economic committee, in the presence of Governor of the Central Bank of Egypt (CBE) Tarek Amer and the ministers of finance, public enterprises, planning and economic development and trade and industry.

The premier highlighted a decision to form an investment committee, whose members will include the CBE governor alongside several ministers and state officials, and a special group to be tasked with improving the investment climate and stimulating the private sector.

Amer said the bank had held meetings with nearly 60 officials from financially ailing factories and businesses to discuss their financial problems and work on solving them.