Egypt is witnessing the growth of a thriving sector, reflecting the adoption of new technologies, creativity and innovation coupled with sustainable solutions. Through public-private partnerships that take place, these businesses grow and enter local, regional and global markets.
of total ODA
The Ministry of International Cooperation, with the World Bank, secured $440 million allocated for the Ministry of Transportation to develop the Egyptian National Railways (ENR) within the “Railway Improvement and Safety for Egypt” (RISE) project.
The Ministry of International Cooperation signed an agreement with the African Development Bank (AfDB), worth €109 million to strengthen sanitation services in the Luxor Governorate.
The Ministry launches a global digital campaign aiming to demonstrate the value of public-private partnership.
Egypt’s Ministry of International Cooperation and UNDP explore joint efforts to promote SDG Impact Investing, covering the ESG principles and the alignment of investor capital with the SDGs.
This is in light of aiming to achieve stronger agricultural development and building on the capacities of rural communities through productive activities.
Noting its efforts to promote sustainable agriculture through enhanced multilateralism, Egypt’s Ministry of International Cooperation with the European Bank for Reconstruction and Development (EBRD) to receive a $200 mln Loan to strengthen agribusinesses and help local farmers adopt climate-smart agriculture practices.
H.E. Dr. Rania A. Al-Mashat met with directors at General Electric to forge partnerships with global multinational companies & enhance public-private dialogue to improve digital health services.
H.E. Dr. Rania A. Al-Mashat spoke about the Government of Egypt’s approach to embed gender equality in the new world of work through inclusivity and diversity.
During the World Economic Forum's 2021 Davos Agenda, the Regional Action Group for MENA met to discuss the policies, practices & partnerships needed to implement stakeholder capitalism.
“Strengthening investment through multilateral cooperation is key in the global economy,” says Minister of International Cooperation H.E. Dr. Rania A. Al-Mashat
"Egypt is harnessing the power of the private sector to deliver on gender equality," said Al-Mashat at FII Conference in Saudi Arabia.
The FDI Intelligence platform in the Financial Times published an article by H.E Dr. Rania A. Al-Mashat, Minister of International Cooperation, & Sérgio Pimenta, Vice President of the Middle East & Africa at the IFC, on Egypt's green recovery.
In the plenary session of The House of Representatives, H.E Dr. Rania A. Al-Mashat presented the Ministry's role in implementing the Government's 18/2019 - 21/2022 Programme.
Egypt accounts for more than EUR 1 billion of the EUR 2.13 billion of the total development financing provided to SEMED countries.
Egypt Ventures led a financing round for the emerging company, Nawah, the first private Egyptian multidisciplinary research center for natural & medical sciences.
The Ministries of International Cooperation, and Tourism & Antiquities, EBRD and UNWTO sign COVID-19 Tourism Recovery Technical Assistance Cooperation Package to promote resilience, sustainability, & growth.
Egypt Ventures raised total investments of EGP 104 million in 2020 to drive innovation and growth
• Minister of International Cooperation, H.E. Dr. Rania A. Al-Mashat, highlights the role of the private sector in Egypt’s development cooperation portfolio • Multilateralism was vital in helping Egypt march ahead with achieving the 17 Sustainable Development Goals in all of its development projects
Minister of International Cooperation, H.E. Dr. Rania A. Al-Mashat, announced during the launch of the 2020 Annual Report that the Ministry succeeded in securing development financing worth $754.4 million to support Bedouin communities in Sinai and build resilient, safe and culturally inspiring living conditions.
Ministry of International Cooperation 2020 Annual Report |The Power of ‘Small’: Through COVID-19 & Beyond
There are currently 34 projects in innovation, digitalization and entrepreneurship contributing to 13 SDGs with a total development financing of $1.014 billion; 4% of Egypt’s ODA portfolio
The Minister of International Cooperation H.E Dr. Rania A. Al-Mashat: “2021 will be a year to present the structural reforms that are taking place in the field of social protection and the organization of civil work in international forums”
Egypt and the United Arab Emirates, stories of resilience in the New Economy Forum Plenary “The Rise of Regional Champions: The Search for Resilience”
Egypt’s road to a greener and inclusive recovery is pushed forward through enhancing public-private dialogue, which has been improved by 22% from 2016 to 2018, Al-Mashat states Egypt has followed a systematic twin-track approach to ensure that ‘green’ and ‘growth’ go together, Al-Mashat states Jürgen Rigterink, EBRD First Vice President, notes that that the cooperation between the private sector and the government has been mutually supportive Erik Berglof, AIIB Chief Economist, states that Asian Infrastructure Investment Bank (AIIB) views Egypt as one of the most important investment markets in the Middle East and Africa.
Minister of International Cooperation and Governor of Egypt at the European Bank for Reconstruction and Development, Dr. Rania Al-Mashat, met with Heike Harmgart, Managing Director for the Southern and Eastern Mediterranean (SEMED) region at the European Bank for Reconstruction at the Ministry’s headquarters in the presence of Mr. Khaled Hamza, Vice President of the Bank's Regional Office in Egypt, to unveil the new green recovery strategy.
Ministry of International Cooperation and the World Bank Group release a new Economic report titled: ‘Economic Monitor Report: From Crisis to Economic Transformation’ Minister of International Cooperation, H.E. Dr. Rania Al-Mashat, affirmed that the report reflects Egypt’s story of resilience that has been singled out on the global stage Marina Wes, World Bank Country Director for Egypt, states that Egypt managed to maintain a solid macroeconomic performance in 2020 due to bold reforms in the past few years
Minister of International Cooperation, Dr. Rania Al-Mashat, visited the inauguration of European Union-funded conservation project of Shali village in Siwa Oasis in the governorate of Matrouh.
In the virtual panel, “Digital Transformation for Economic Recovery” to launch the initiative Grow ‘Stronger’ with Google on October 26th, Minister of International Cooperation, H.E. Dr. Rania Al-Mashat spoke about the impact digital transformation has on the world, and how being able to adapt to a tech-based lifestyle is necessary for economic growth.
Minister of International Cooperation, H.E. Dr. Rania Al Mashat, announced that Egypt’s parliament approved 10 agreements worth over 400 million dollars to support agriculture, women empowerment and small and medium enterprises, which promotes sustained, inclusive and sustainable economic growth.
• H.E. Dr. Rania Al Mashat, urged for the World Bank and international institutions to tap into Africa’s private sector • African governors presented a 2020 memorandum in which they called for the WBG to be bolder and more innovative in their approaches to boost countries’ capacities • The memorandum calls for more support in regards to institutional capacity building and providing technical assistance to structure and manage public and private partnerships (PPP) transactions in Africa
The Tech-based Future Needs Tech Savvy Youth, Explains Al-Mashat in WEF’s “Jobs Reset Summit”
Minister Rania Al Mashat emphasizes on advancing the private sector's commitment to ensuring gender equality 51% of microfinance loans were provided to women entrepreneurs amid COVID-19 Gender gap accelerator will prepare women for the post coronavirus (COVID-19) world of work
Minister Rania Al Mashat emphasizes on blended financing to reduce debt distress and notes that Egypt's success in the execution of major national projects, particularly in the infrastructure sector, was supported by blended financing To reduce debt distress, governors call for the IMF and the WBG to push for greater private sector participation, flexibility in lending policies and governance reforms to enhance the role and voice of developing countries
Minister of International Cooperation, Dr. Rania Al Mashat, highlighted the success story of Flat6Labs accelerator as a model for bilateral cooperation
Minister of International Cooperation, Dr. Rania Al Mashat, visits today a number of development programmes in partnership with USAID and WFP supporting farmers, women and youth in Luxor.
Minister of International Cooperation, Dr. Rania Al-Mashat, paid a visit to Sinai on Sunday to monitor the progress of developmental projects being implemented and are funded by the Saudi Fund for Development and the Arab Fund for Economic and Social Development as part of the Sinai Peninsula Development Program
Minister of International Cooperation, Dr. Rania Al-Mashat, announced that the European Investment Bank signed an agreement worth 800 million euros with the National Bank of Egypt
The Ministry of International Cooperation, the National Council for Women, and the World Economic Forum, have launched “Closing the Gender Gap Accelerator”, a national public-private collaboration model which enables governments and businesses to take decisive action on closing economic gender gaps. The Model supports public and private leaders in shaping innovative pathways to promote gender equality, diversity, inclusion and economic mobility, which is central to Egypt’s reform agenda. Egypt is the first country in Africa and the Middle East to launch this unique public-private collaboration model supported by the World Economic Forum’s platform. The Accelerator focuses on four key objectives; preparing women for the post COVID-19 world of work, closing gender gaps in remuneration between and within sectors, enabling women’s participation in the labour force, and advancing more women into management and leadership roles.
Minister of International Cooperation, H.E. Dr. Rania Al Mashat announced the approval of the Board of Directors of the EIB to provide $ 1.1 billion euros in funding, to finance three projects in the transportation sector with the National Authority for Tunnels, in addition to providing a loan of € 800 million to the National Bank of Egypt in support of small and medium enterprises for the post-Covid19 recovery.
“Multilateralism, aligned with the sustainable development goals is key in advancing a more resilient economy.
EGP 111m will be invested in five governorates under phase two EGP 113m are being invested in six governorates under phase one
The Minister of International Cooperation Dr. Rania Al-Mashat announced that the European Bank for Reconstruction and Development (EBRD) has approved a loan of up to USD$ 100 million to the National Bank of Kuwait Egypt (NBKE) for on-lending to private businesses
The Minister of International Cooperation Dr. Rania Al-Mashat participated in a virtual meeting organized by the Sharjah Research, Technology and Innovation Park (SRTIP) with more than 1,000 attendees from the region.
February, 2020–The Minister of International Cooperation for the Arab Republic of Egypt H.E. Dr. Rania Al-Mashat and the Director of Operations in EU Neighbouring Countries of the European Investment Bank Mrs. Flavia Palanza have agreed in a joint statement to enhance the economic cooperation to push forward inclusive economic growth and private sector development.