Egypt’s Minister of Planning visits Qatar to discuss joint investment opportunities

H.E. Dr. Hala El-Said, Egypt’s Minister of Planning and Economic Development met recently with the Qatari Deputy Prime Minister and Minister of Foreign Affairs Sheikh Mohammed bin Abdulrahman Al- Thani.Dr. Hala El-Said is currently visiting Qatar to discuss bilateral cooperation relations between the two countries and the means of supporting and consolidating them, especially in the investment field.During the meeting, H.E. Egyptian Minister of Planning and Economic Development congratulated the State of Qatar on its success in organizing the FIFA World Cup Qatar 2022.The Minister of Planning and Economic Development also met with His Excellency Sheikh Mohammed bin Hamad bin Qassim Al Thani, Minister of Commerce and Industry. During the meeting, they discussed the launch of the Qatar Investment Forum, the participation of Egypt in an active role in the forum, and the strengthening of cooperation between investment institutions in the two countries, led by The Sovereign Fund of Egypt (TSFE).Dr. Hala El-Said also held a meeting with His Excellency Mr. Ali bin Ahmed Al-Kuwari, the Qatari Minister of Finance.During the meeting, El-Said reviewed the world's most relevant economic, investment, and commercial developments, in addition to discussing bilateral cooperation between Egypt and Qatar and ways to support and consolidate it, especially in the field of investment.El-Said also referred to the large investments made by the Egyptian state in recent years in infrastructure, attracting domestic and foreign private investment, and providing a quality of life for the Egyptian citizen, pointing to Egypt's launch of the National Program for Structural Reforms.Based on several pillars, this program aims to strengthen Egypt's economy and make it more resilient to crises.El-Said referred to the "State Ownership Policy Document", to explain to investors the role of the state in various sectors as a regulator of economic activity according to market mechanisms, and how the state can exit from activities, pointing to setting some incentives for the localization of industries, by focusing on green economy projects.El-Said highlighted the private sector participation law, which has been updated to eliminate some obstacles.El-Said drew attention to The Sovereign Fund of Egypt (TSFE) as an effective investment arm of the state that works as a partner for the private sector, by studying investment opportunities in the country and making these investment products available to the private sector. Explaining that the fund has several sub-funds.