Egypt’s Minister of Planning and Economic Development highlights success stories in the investment bank’s journey

Dr. Hala El-Said, Minister of Planning and Economic Development and Chairperson of the Board of Directors of the National Investment Bank (NIB), witnessed a celebration entitled "Success Stories in the March of the National Investment Bank and its affiliated investment institutions and their role in the Egyptian economy."At the beginning of her speech, Dr. Hala El-Said said that the celebration comes on the occasion of celebrating the success stories and the tangible developmental role of a number of companies and investment institutions in which the National Investment Bank contributes.El-Said pointed out that these successes reinforce the bank's extensive and extensive development process and its various investment contributions in supporting the Egyptian economy. The activities of the National Investment Bank cover many important development sectors, including the sectors of financial services, technology, tourism, urban development, food and agricultural industries, chemical industries, spinning and weaving, leather, fertilizers and mining, petroleum, petrochemicals and mineral wealth, in addition to the transportation and utilities sectors.El-Said added that the diversified investment portfolio of the bank reflects the efforts and hard work that spanned more than four decades since the bank's inception in 1980. El-Said indicated that the bank has worked since its establishment to finance all investment projects listed in the state's plan for economic and social development by contributing to the capital of these projects, providing the necessary funding for them, and following up on their implementation.El-Said explained that, as the economic and investment arm of the state to implement its plans for economic and social development, during its course it carried out the largest operation to mobilize local savings for use in financing the establishment and implementation of projects included in the successive economic and social development plans of the state.El-Said continued that these investments contributed to the creation of a national wealth of assets, including the establishment of power plants, electricity transmission and distribution networks, water and sewage stations and networks, as well as networks of roads, bridges, railways, ports, agriculture, irrigation, services, housing, new cities and mining projects.

El-Said reviewed the successes achieved by the companies in which the bank contributes, referring to AYADY Investment and Development Company, where the bank contributes to its capital by 74%, and it is one of the most important investment arms of the state, as AYADY targets direct investment in partnership with the private sector. The companies invested in through “AYADY” cover a variety of development sectors, the most important of these companies are “Inmaa” for financing, “AYADY for Investment and Development” and Tamweely for micro-projects, which is one of the experiences and models of successful investment partnership between both AYADY and the company. 
On the Export Development Bank of Egypt; El-Said said that the National Investment Bank contributes 41% of its capital, and is one of the most important banks and financial institutions supporting the export sector in Egypt. El-Said referred to the e-finance company for financial and digital investments, in whose capital the National Investment Bank contributes 49%, and is one of the entities supporting the state's drive to expand electronic payment and collection services and the transition to a cashless economy.Dr. Hala El-Said also referred to the Abu Qir Company for Fertilizers and Chemical Industries, in whose capital the National Investment Bank contributes 21%, which is one of the largest supporters of the agricultural sector and owns the largest complex of nitrogenous fertilizers in the region, and the Salhia Company for Investment and Development, an important agricultural and livestock production center that contributes The Bank is in its capital by 44%, Al-Amal Al-Sharif Plastic Company is one of the largest shareholders in its capital with 29%, NI Consulting and Project Structuring Company, in which the Bank contributes 90%, and NI Capital Holding Company for Financial Investments, which is wholly owned by the National Investment Bank and is considered Its investment arm, and it acts as the general coordinator of the government theses program.El-Said stated that as a means of regional and international rapprochement, the National Investment Bank has contributed to several companies outside Egypt, including the Arab Investment Company, the Arab Company for Livestock Development, and the Arab Authority for Agricultural Investment and Development, in addition to contributing to development funds working in various economic activities.El-Said said that within the framework of the state program for government proposals with the aim of expanding the ownership base, revitalizing the stock exchange and attracting foreign investments; The National Investment Bank had an effective contribution to this program, as part of its contributions were offered in many successful companies, including e-finance and Abu Qir Fertilizers and Chemical Industries Company, and the necessary measures are being taken to offer other shares in some of the companies in which the bank contributes.

Dr. Hala El-Said concluded her speech by referring to the future vision of the National Investment Bank, stressing that the bank would continue to provide financing on behalf of the public treasury, follow-up implementation in the office and in the field, and implement banking services for all different sources of financing from self-financing, grants, loans and other sources included in the state plan to unify the exchange for all Plan funding sources.For his part, Mr. Ashraf Negm, Vice Chairman and Managing Director of the National Investment Bank, indicated that based on the bank's vision, the focus will be during the coming periods on achieving and achieving added value to the Egyptian economy through sustainable investment of the available ingredients and within the framework of the strategic objectives of Egypt's Vision 2030. Negm added that the focus will be on development investments to serve the national economy on the one hand; On the other hand, the products of these investments contribute to covering the needs of the local market as an alternative to foreign products, thus relieving pressure and the need for foreign exchange. Negm stressed that the National Investment Bank has an ambitious plan that depends on its capabilities and capabilities, and that it is targeted during the coming period to complete the strategy of restructuring and developing the bank to achieve a number of strategic goals, including the achievement of the National Investment Bank for a distinguished position among local and regional economic institutions.