Minister of Planning, Economic Development, and International Cooperation Discusses Enhanced Cooperation Opportunities with Second Minister for Foreign Affairs and Education of Singapore

Minister of Planning, Economic Development, and International Cooperation Discusses Enhanced Cooperation Opportunities with Second Minister for Foreign Affairs and Education of Singapore

H.E.  Dr. Rania A.  Al-Mashat discusses future cooperation with Singapore in light of the government's priorities for industrial localization, human capital development, and private sector encouragement.

The Second Minister for Foreign Affairs and Education of Singapore looks forward to exploring investment opportunities, particularly in the Suez Canal Economic Zone, aligned with common interests.

 

During her visit to Rio De Janeiro, Brazil, to attend the G20 Development Ministers' Meeting, H.E. Dr. Rania A. Al-Mashat, Minister of Planning, Economic Development, and International Cooperation, met with Mr. Mohamad Maliki Osman, Second Minister for Foreign Affairs and Education of Singapore. They discussed mutual cooperation priorities for the upcoming phase in light of bilateral relations between the two countries, as well as the priorities of the new government, which emphasize human development, industrial localization, and other key agenda items.

 

During the meeting, H.E. Minister Al-Mashat praised the longstanding Egyptian-Singaporean relations characterized by consultation and joint coordination across all levels. Both countries share a mutual interest in developing these relations, having signed numerous partnership agreements over the past four decades that have enhanced developmental partnerships in various economic, trade, investment, and cultural sectors.

 

The meeting also discussed cooperation priorities for the upcoming phase, especially in light of the new government's agenda and its program for the period (2025/2024-2027/2026), which prioritizes human capital development, healthcare, education, and industrial localization. The government's efforts to attract investments through various incentives and steps were also highlighted, with structural reform policies aimed at enabling the private sector to lead development efforts in the coming period, thereby enhancing efforts to attract both foreign and domestic investments.

 

The meeting noted the improvement in Egypt's economic indicators over the past period as a result of state efforts and measures. The government continues to consolidate the foundations of economic recovery, empower the private sector, and build a resilient economy by enhancing overall economic stability and increasing employment rates.

 

H.E. Minister Al-Mashat also highlighted strong partnerships with multilateral and bilateral development partners, including strategic partnerships with the European Union, the World Bank Group, and the African Development Bank, through which numerous developmental projects are being implemented and structural reform measures supported.

 

On his part, Second Minister for Foreign Affairs and Education of Singapore praised Egypt's role amidst the unstable geopolitical conditions in the region and expressed his aspiration to explore investment opportunities in Egypt in light of the country's ongoing reforms and incentives provided to the private sector, particularly within the Suez Canal Economic Zone, aiming to collaborate in priority areas for both countries.