H.E. Dr. Rania Al-Mashat, Minister of Planning, Economic Development, and International Cooperation and Chairperson of the National Investment Bank, Receives Vice Chairman of NIB to Discuss the Bank's Role in Supporting State Development Efforts

 

H.E. Dr. Rania Al-Mashat, Minister of Planning, Economic Development, and International Cooperation and Chairperson of the National Investment Bank, received Mr. Ashraf Negm, Vice Chairman and Managing Director of the NIB, to review the files and projects currently underway at the bank and its role in supporting the country's development efforts. This meeting is part of her ongoing engagements with ministry leaderships and affiliated entities.

 

During the meeting, H.E. Minister Al-Mashat emphasized the importance of the National Investment Bank continuing to fulfill its mission to enhance government investment and improve its efficiency in supporting economic and social development efforts in Egypt. This includes financing and overseeing the establishment and implementation of projects, highlighting its critical role in maximizing the developmental impact of these initiatives.

 

H.E. Dr. Rania Al-Mashat clarified that the bank represents a crucial economic and investment arm of the state for implementing its development plans, contributing to the establishment of extensive infrastructure across all sectors. These efforts have significantly increased productive capacities, attracted additional investments, and achieved high growth rates over the past decades. H.E. Minister Al-Mashat pointed out the institutional capacity building efforts undertaken to enhance the bank's ability to meet the requirements of the current economic phase.

 

The meeting discussed the bank's role, efforts, and contributions in several joint ventures across key economic sectors such as fertilizers, petroleum, banking, financial services, food industries, urban development, mining industries, construction materials, and tourism.