Egypt’s Minister of Planning & Economic Development meets the President and CEO of AFC

Dr. Hala El-Said, Minister of Planning and Economic Development, held on Monday a meeting with Mr. Samaila Zubairu, President of the African Finance Corporation (AFC), and the Foundation's work team.
During the meeting, El-Said reviewed the fields of work of the ministry and its subsidiaries, the most important units and projects carried out by the Ministry of Planning, as well as the areas of work of The Sovereign Fund of Egypt (TSFE), the most important projects that it is working on, and the areas in which it seeks to invest and build partnerships with the Egyptian and international private sector.
Many topics were also discussed, the most important of which are opportunities for cooperation between AFC and TSFE in the fields of infrastructure, renewable energy, transport, and pharmaceutical industries.
The Minister of Planning reviewed the number of cooperation opportunities, on top of which is the manufacture of electric railcars through the NERC project, in which TSFE cooperates with the Ministry of Transport and the Suez Canal Economic Zone (SCZone), as well as the pharmaceutical industries, especially the vaccines industry, which can cooperate to provide them to all African countries.


Meanwhile, El-Said asserted Egypt's interest in completing its membership in the Foundation and its keen interest in deepening relations with African institutions at all levels.


“Egypt always seeks to partner with African countries and institutions, as it is the strategic and natural depth of the people of the same continent, including the challenges and opportunities they possess,” She explained.



For his part, Mr. Samaila Zubairu confirmed that AFC is looking forward to completing the full membership of Egypt to join about 31 African countries members of the Foundation because of Egypt's pivotal role in the African continent.
 He also stressed the keenness of AFC to pump investment funds into Egypt, especially in the fields of infrastructure, renewable energy, and transportation, since Egypt is witnessing a great resurgence and is implementing some giant projects that attract investment.