The government issued a state ownership policy document, in continuation of the governmental reforms adopted by the Egyptian government, which aim to implement the second phase of the 2021 structural reforms program, an asset monetization program worth $10 billion annually, and launch a package of investment incentives, especially “green incentives,” and develop the system for obtaining land for industrial projects, improving the competitive climate and supporting competitive neutrality, increasing the private sector’s participation in the Egyptian economy to 65% within 3 years.
To this end, the Ministry of International Cooperation is strengthening cooperation efforts with multilateral and bilateral development partners to provide technical and financial support to the private sector through international partnerships. Over the period from 2020 to 2023, soft development financing packages for the private sector from development partners amounted to about $10.3 billion.