Speech by the Minister of Finance to identify the system of partnership with the private sectorThe Minister of Finance, Dr. Mohammed Muait, said that the State is currently developing a PPP program in infrastructure projects, utilities and public services in order to expand the infrastructure projects to cover the gap between available and targeted infrastructure and the ongoing urban expansion of new cities. To provide a higher level of service to citizens and attract foreign direct investment in addition to the gradual transformation of the role of the state from the sole provider to the regulator and observer service provided to citizens. This came during the speech of the Minister of Finance on Tuesday, December 4, 2018 in a workshop organized by the Ministry of Finance to identify the PPP system and presented some international experiences in this regard in the presence of Dr. Hisham Arafat, Minister of Transport, Sir Geoffrey Adams, British Ambassador to Egypt, Sir Geoffrey Donaldson British Trade Envoy and Engineer Ather Hanoura, Head of Private Sector Partnership Unit, Ministry of Finance.
Speech of the Head of the Unit
The central unit of engagement with the private sector is a “center of expertise” charged with the task of introducing and disseminating the policy of engagement with the private sector, developing practices for project implementation, and playing a vital role in the delivery of early projects. The Unit sought the support and knowledge of local and international experts. The central unit of participation is a sector within the Ministry of Finance mandated by the government to oversee and implement the policy.
The unit undertook the study and implementation task and coordinated with the concerned ministries and the private sector to develop the private sector participation program, develop the executive framework of the program and develop a clear action plan. One of the main tasks of the unit is to ensure that the proposals for the participation projects are based on a good analysis of the actual needs and the value of these projects. ... Learn more
In 2006, the Egyptian government developed a new long-term policy to activate the private sector participation program to provide a new source of capital investment, finance the required infrastructure projects, reduce state borrowing and all the risks involved, and reduce the burden on the budget, without prejudice to state control and possession. Utilities during the period of operation and even devolve back to the state at the end of the contract. The system of private sector participation has created a new local market for long-term financing, in addition to creating a new market for the private sector to manage the assets of these projects, develop the economy and create jobs, in addition to increasing the efficiency of public services provided to Egyptian citizens. Following are some of the projects that have been done through the Participation Unit
Concessions, Build-Operate-Transfer (BOT) Projects, and Design-Build-Operate (DBO) Projects are types of public-private partnerships that are output focused.
Achievements & Events