Egyptian Prime Minister Mostafa Madbouly participated in the first session of the second day of the Africa 2019: Investment for Africa Forum, which focused on successful experiences of African countries towards attaining comprehensive development in cooperation with the private sector.
Madbouly stated on Saturday that Egypt has implemented various economic reform measures during the past five years in order to boost the economy and achieve economic growth and progress.
He explained that legislative and investment reforms, as well as the reforms in the infrastructure and energy sectors, should encourage the private sector to pump new investments into the Egyptian economy.
Madbouly stressed the importance of the government’s contributions to attracting private investments, especially in the New Administrative Capital.
He said the private sector wouldn’t have invested in the New Administrative Capital if it hadn't been for the government’s efforts in preparing the infrastructure for real estate developers.
The prime minister added that the government is working with the private sector in numerous fields besides real estate development, and in many cities.
The Africa 2019 forum is a two-day forum organised by the Ministry of Investment and International Cooperation in collaboration with the ministries of foreign affairs and trade.
According to Investment Minister Sahar Nasr, the forum is held this year in the New Administrative Capital to promote investment opportunities in the new capital and to introduce it to African leaders.
The forum aims to promote investment opportunities in Africa, and it focuses on topics like infrastructure development and industrial transformation in Africa, Arab-African investment, opportunities for investment in renewable energy and the promotion of digital transformation in Africa.
Attending the forum are a number of heads of state, ministers, and businessmen from African and world countries, as well as around 2,000 representatives from Egypt's development partners, businessmen and investors.