These projects include plans for electricity transformer stations, wastewater treatment, vocational schools, storage facilities, and wholesale markets, according to Kouchouk.

Kouchouk noted that investments from public-private partnership (PPP) contracts in the fiscal year 2022/2023 reached EGP 19.8 billion.

He added that these contracts covered solid waste management, dry ports, transformer stations, electricity distribution networks, vocational education, and strategic commodity storage.

Moreover, he stated that the PPP system provides competitive opportunities for local and foreign businesses to invest in Egypt.

He highlighted that the ministry aims to encourage the private sector to engage in public service and infrastructure projects, particularly due to the country’s established limit on total public investments.

The PPP committee has approved partnerships between four state-owned development projects and the private sector in 2023.

The PPP system promises to fulfil the goals outlined in the state ownership policy document, which aligns and integrates with financial policies, incentives, and other institutional reforms supportive of the business community.