The Minister of Planning and Economic Development receives the Chairman of the Egyptian Stock Exchange and the Chairman of the Iraqi Securities Authority to discuss aspects of future cooperation

Dr. Hala El-Said , Minister of Planning and Economic Development, received Mr. Mohamed Farid, Chairman of the Board of Directors of the Egyptian Stock Exchange, and Mr. Hassan Hammoud Hassani, Chairman of the Iraqi Securities Authority, and his accompanying delegation, to discuss aspects of future cooperation.


During the meeting, Dr. Hala El-Said pointed to the strategic importance of relations between Egypt and brotherly Iraq, and the momentum and remarkable development these relations are witnessing in the recent period, especially in light of the visit of the Egyptian delegation headed by the Prime Minister to Iraq, in addition to the visit of the Iraqi Deputy Prime Minister to Egypt During the last period.El-Said reviewed the main tasks carried out by the Ministry of Planning and Economic Development, where the ministry is responsible for setting Egypt’s vision 2030, from which annual and medium-term plans are prepared, in addition to the ministry’s responsibility for the investment budget with various ministries to achieve the state’s goals such as growth rates and unemployment, through Implementation of development programs that achieve these goals.
 El-Said referred to the ministry's supervision of the Central Agency for Public Mobilization and Statistics, and the ministry follows up through it various indicators, statistical surveys on unemployment and inflation, and income and expenditure research.
 The agency also undertakes some exceptional surveys, such as local community surveys, which are related to services at the level of different villages in the governorates.
The results of these surveys are used to distribute investments to the governorates to address the development gaps at the level of each governorate, and so that the citizen feels the quality of the services provided and their availability properly. El-Said referred to the Decent Life initiative, which aims to improve the quality of life in the Egyptian countryside, in about 4,500 villages, in which more than half of Egypt's population lives with about 58 million citizens.
 Those villages will be transformed into sustainable rural communities that meet all development needs within three years, at a total cost of about 800 billion pounds.
El-Said  stressed that the initiative aims to improve the quality of life in general, as it covers sewage services, infrastructure, drinking water, electricity and gas networks, decent housing, roads, and other services.
 It also contributes to providing job opportunities in cooperation with the Small and Medium Enterprises Authority.El-Said  addressed the tasks of The Sovereign Fund of Egypt (TSFE), the investment arm of the ministry, explaining that the fund was established before the coronavirus pandemic as one of the mechanisms to enhance partnership with the private sector, within the framework of the Egyptian state’s plan to achieve sustainable development (Egypt Vision 2030).

For his part, Mr. Hassan Hammoud Hassani, Chairman of the Iraqi Securities Authority, praised the unprecedented renaissance that Egypt is witnessing in various fields, and the success of the Egyptian economic reform program.

 Hassani stressed that Iraq is proud of its brotherly relations with Egypt, and the Iraqi economy has succeeded in overcoming a difficult stage and is currently seeking to attract and encourage investment, and develop the role of the private sector, looking forward to investment cooperation between the two countries through The Sovereign Fund of Egypt.