Egypt Unveils 52 State-Backed Investment Projects to Boost Asset Partnerships

Egypt is intensifying its asset partnership strategy with the launch of 52 state-backed investment opportunities, designed to unlock value from public sector enterprises. Announced by Public Business Sector Minister Mohamed Shimi, the projects come with preliminary feasibility studies and are part of Cairo’s broader economic reform agenda under the IMF’s Extended Fund Facility.

Key Highlights:

• Scope of Projects: Opportunities span tourism, chemicals, metals, spinning and weaving, automotive manufacturing, and pharmaceuticals.
• Strategic Approach: Focus on partnerships with private and foreign investors rather than outright divestment.
• Economic Reform: Supports Egypt’s $8 billion IMF Extended Fund Facility commitments, including IPO and asset monetization programs.
• Operational Efficiency: Projects aim to modernize state-owned enterprises and improve productivity.
• Investor Appeal: Preliminary feasibility studies prepared to attract domestic and international investors.
• Tourism Focus: Tourism assets feature prominently, reflecting Egypt’s push to leverage its global appeal.

This initiative underscores Egypt’s commitment to balancing fiscal reforms with sustainable growth, while opening doors for investors to participate in strategic sectors of the economy.

Sources: Ahram Online, Egypt Business