Matthew Stephenson, Policy and Community, International, Trade and Investment principal at World Economic Forum on Business said the economic and structural reforms Egypt has adopted have improved its business climate, which provides ample room for its international partners to finance the private sector to boost it and facilitate its cooperation with the public sector.

Stephenson's statements came during a meeting with Egypt’s Minister of International Cooperation Rania El-Mashat on Wednesday on the sidelines of the World Economic Forum in Davos.

El-Mashat also met with Justin Kintz, head of Global Public Policy at Uber, and Uber’s Vice Chairman Berry Dimetry who said that Egypt is the biggest market for the company in Africa, asserting Uber's desire to increase cooperation with the Egyptian government to provide special services for the Egyptian market.

The two sides also discussed expanding the company's activity to cover more areas in line with sustainable development objectives.

El-Mashat met with Vice Chairman of City Bank for Corporate and Investment. The two sides discussed bilateral cooperation to raise the bank's funds directed towards the private sector.