Egypt launches fund to support public-private partnership projects

The launch came during the “PPP Project Preparation Mechanism” in Cairo, organized by the Ministry of Finance’s Central PPP Unit in cooperation with the European Bank for Reconstruction and Development (EBRD).

During his speech, Minister Kouchouk said the initiative aims to build an enabling framework to attract private investment, enhance business confidence, and strengthen cooperation between the government and the private sector.

He added that empowering the private sector to play a leading role in the national economy is a key pillar under Egypt’s Economic Development Narrative, the new five-year economic plan launched last week. 

The plan targets raising the private sector’s share of GDP to over 80 percent and supports commitments under Egypt’s current Extended Fund Facility (EFF) loan program.

Kouchouk said the private sector already accounts for 65 percent of total investments in Egypt, with 30 PPP projects worth EGP 41 billion approved and initiated during the last fiscal year in sectors including dry ports, water and sanitation, industrial wastewater treatment, electricity substations, power distribution networks, and technical education.