The Egyptian state works to create a climate to enhance the participation of the private sector in development efforts. The private sector has become an essential partner in all development plans. The government is seeking to provide more opportunities for partnership with the private sector to create more job opportunities and achieve faster progress for the Egyptian economy.
The private sector has also become an essential partner in all projects implemented by the state. Including the presidential initiative, a decent life, which represents the largest development project in the world. Where a number of villages are being greened with the contribution of the private sector in housing or sanitation and water, and other interventions
And on the Egyptian state’s interest in enhancing the participation of the private sector in development efforts.
1- Preparing the infrastructure and improving its quality is one of the main axes of the Egyptian state’s efforts to stimulate the private sector
2- Implementation of many legislative and institutional reforms by issuing a package of laws and legislations aimed at simplifying the procedures for setting up projects and encouraging the private sector and local and foreign investment – including the issuance of the new investment law – industrial licensing law – competition protection law – microfinance law – bankruptcy and exit from the market law Small and medium enterprise development law
3- Facilitate and develop trade movement,
4- Creating a supportive environment for competition and organizing the private sector partnership
5- Supporting the transformation of the green economy, Conservation and sustainable use of natural resources
6- Raising the efficiency and flexibility of the labor market and developing the technical education and vocational training system
7- Promoting financial inclusion and access to finance; Human capital development (education – health – social protection).
8- Amendments to the law regulating the participation of the private sector in infrastructure projects, services and public utilities, Which aims to further encourage the participation of the private sector in the implementation of infrastructure projects
9- Launching the “Irada” business climate reform initiative. Which aims to reform the legislative and regulatory framework to ensure business stimulation
10- Launching a program of offerings in Egypt to list a number of state-owned companies on the stock exchange, The program’s objectives include attracting local and foreign investments to the capital markets in Egypt and thus increasing the participation of the private sector in economic development.
