Minister of Planning and Economic Development Ahmed Rostom met with Leslie Maasdorp, Chief Executive Officer of British International Investment (BII), in the presence of British Ambassador to Egypt Mark Bryson-Richardson, to discuss strengthening strategic cooperation and expanding development financing, particularly in green infrastructure projects. At the start of the meeting, Rostom expressed Egypt’s appreciation for its longstanding partnership with the UK’s development finance institution, describing the discussions as an important opportunity to deepen cooperation, align priorities and explore new investment opportunities across key sectors of the Egyptian economy in line with the country’s sustainable development goals. The minister reviewed a package of structural and economic reforms recently implemented by the government to enhance macroeconomic stability, improve public finances and increase the efficiency of resource allocation. He also highlighted the resilience of the Egyptian economy in the face of ongoing geopolitical challenges and successive regional and global economic shocks. Rostom noted the ministry’s efforts to integrate planning and financing frameworks to strengthen the governance of public investment spending and channel resources towards projects with the highest developmental impact. Rostom underscored the government’s commitment to empowering the private sector as the primary engine of economic growth and sustainable job creation, particularly in infrastructure, renewable energy, sustainable transport and other green sectors. He called on BII to expand its development financing activities in Egypt, with greater emphasis on supporting start-ups, entrepreneurship and manufacturing industries that contribute to technology localisation and the development of local value chains. For his part, Maasdorp praised the steps taken by the Egyptian government to improve the investment climate and enhance competitiveness. He reaffirmed BII’s commitment to supporting Egypt as one of its most important strategic markets in the Middle East and Africa and a key partner in advancing the institution’s development objectives. Maasdorp also outlined the key pillars of BII’s updated responsible investment strategy, which focuses on addressing climate change, promoting economic inclusion and building more resilient and sustainable markets through innovative partnerships with both the public and private sectors.The post Planning Ministry, British International Investment discuss expanding development finance in Egypt first appeared on Dailynewsegypt.
