Mohamed Ahmed _ Yasser Sobhi, Deputy Minister of Finance, confirmed that the transition of Qatari investments in Egypt to the actual implementation phase represents an important step to support financial stability and stimulate economic activity, pointing to the Ministry's keenness to support coordination with investment partners to accelerate project execution and enhance investment inflows into the Egyptian market.
During his speech at the conference launching the investment zone for the "Alam El Roum" project today, Sobhi stated that the Ministry of Finance welcomes the investment partnership with the Qatari side and Qatari Diar, pointing out the Ministry's participation in discussions regarding the project up to the implementation phase, which reflects the importance of investment partnerships in supporting the Egyptian economy.
He explained that the Ministry of Finance's strategy aims to strike a balance between maintaining financial stability and stimulating economic activity, through executing reforms that include providing tax facilities and packages, as well as simplifying procedures for companies and investors, thereby contributing to improving the business climate and encouraging domestic and foreign investments.
He added that the reforms aim to expand the productive and service base and support various economic activities, enhancing the productive capacity of the Egyptian economy, supporting increased investments, and fostering a more sustainable environment to achieve high growth rates.
Financial Stability Represents a Fundamental Pillar for Achieving Economic Growth
Sobhi noted that financial stability represents a fundamental pillar for achieving economic growth, emphasizing the progress made in the path of economic reforms and the improvement of several financial and economic indicators, providing a solid base to build upon during the upcoming phase.
The Deputy Minister of Finance pointed out that international institutions and rating agencies now recognize the extent of progress Egypt has achieved in executing economic reforms, explaining that the results achieved serve as a launchpad to continue reforms and enhance investor confidence in the Egyptian economy.
He stressed the importance of sustaining policies that support investment and production, thereby boosting the competitiveness and attractiveness of the Egyptian market to investors, supporting capital flows, and contributing to sustainable economic growth.
