Private Sector

Dynamic Force for Growth

We are pushing the frontiers of cooperation through providing new windows for engagement with the private sector.

Dynamic Force for Growth

Private sector engagement is a powerful force in development cooperation for providing better livelihoods, creating innovative solutions, and pushing ahead towards transformational action to meet the 2030 Agenda.

Since our development financing is purpose-driven, mapped according to the 17 Sustainable Development Goals, the Government of Egypt recognizes that engaging with the private sector is critical to accelerate the private sector’s embracement of environmental, social and governance (ESG) principles. This helps us to achieve transformative changes and positive social impact.

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.

The role of the private sector

Many projects are being implemented in close cooperation with private sector companies and civil society organizations and in line with the government’s policy of stimulating private sector participation in development. There are many sectors that the private sector has supported through international companies over the past years, including health, agriculture, industry, transportation, and education. infrastructure, construction, technology, micro, small and medium enterprises, financial markets and energy.

Under direct mechanisms, the private sector receives many forms of support through guarantees, technical consultations, and credit lines:

There is no doubt that the private sector constitutes an essential element in international strategies for cooperation with development partners, as development partners work to:

HUB FOR ADVISORY, FINANCE & INVESTMENT FOR ENTERPRISES منصـــــــــــــة حــــــــــافِـــــــــز

The Private Sector Portal: HUB FOR ADVISORY, FINANCE & INVESTMENT FOR ENTERPRISES for financial and technical support for the private sector is considered the first integrated portal that connects development partners, international institutions, the government, and the local business community, with the aim of enhancing communication and linking between various private sector companies, whether large companies, small, medium and micro companies, or emerging companies to benefit from development funds, technical support and consultations available from development partners.

This portal is a comprehensive portal for interaction with the private sector, where private sector institutions of different sizes and sectors can explore and interact with the opportunities, resources and services available through global partnerships with international development partners.

The portal facilitates access to information about financial and technical support directed to the private sector from all international development partners in Egypt. It is a portal designed to be easy to use, as private sector institutions can benefit from the following services:

• Reviewing of financing services, including various financing options such as development financing, direct investment, commercial financing, risk guarantee, grants, and others.

• Searching for technical assistance, consulting and capacity-building services.

• Tracking the latest tenders and initiatives available.

• Finding customized financing solutions according to the needs of companies of all sizes through a tool on the portal to link the user’s needs with the services provided by development partners.

• The portal also provides a chat tool service enhanced by artificial intelligence to support business users browsing the portal, asking questions and obtaining guidance.

• The portal aims to enhance the business environment in Egypt through international partnerships and provide the necessary tools to enhance its ability to grow in the constantly evolving business world.

• The portal is constantly updated to display the most prominent discussions, initiatives, and services available to the private sector.

Here are some of the targets being met:

Goal 1 (Target 1.B)

Create sound policy frameworks at the national, regional and international levels, based on pro-poor and gender-sensitive development strategies, to support accelerated investment in poverty eradication actions.

Goal 8 (Target 8.3)

Promote development- oriented policies that support productive activities, decent job creation, entrepreneurship, creativity and innovation, and encourage the formalization and growth of micro-, small- and medium-sized enterprises, including through access to financial services.

Goal 8 (Target 8.5)

Achieve full and productive employment and decent work for all women and men, including for young people and persons with disabilities, and equal pay for work of equal value.

Goal 8 (Target 8.6)

Substantially reduce the proportion of youth not in employment, education or training.

Goal 10 (Target 10.1)

Progressively achieve and sustain income growth of the bottom 40% of the population at a rate higher than the national average.