Dr. Rania Al-Mashat Holds an Open Dialogue with the German Private Sector and Investors to Outline the Pillars of “Egypt’s Narrative for Economic Development,” Egypt’s New Economic Model, and Economic and Structural Reform Policies to Support Growth and Employment

Al-Mashat:

 

The Egyptian government is adopting a clear path to empower the private sector

 

 The Egyptian economy has become "more stable," and reform is a continuous, ongoing process

 

We invite the German private sector to benefit from the promising economic opportunities in Egypt

 

More than 1,600 German companies invest in Egypt, and we look forward to increase their number

 

The German private sector is a key partner in the green transition journey

 

European investment guarantees open prospects for increasing German investments

 

Innovative financing for the private sector is on our agenda of priorities with development partners

 “Egypt’s Narrative” sets a roadmap for the Egyptian economy and economic reform

 

Government integration between various entities to preserve reform gains

 

Continuous coordination within the economic group to achieve further improvement in the investment environment

 

We look forward to benefiting from German technology to enhance efforts to localize industry in Egypt

 

Growth indicators reflect a clear direction toward increasing production, exports, and industry localization

 

Economic development cannot be achieved except through a true partnership with the private sector

 

Continuous dialogue with the German private sector within the framework of the partnership between the two countries

 

 

As part of the Egyptian-German governmental negotiations held in the German capital, Berlin, which reflect the strength of relations between the two countries, H.E. Dr. Rania Al-Mashat, Minister of Planning, Economic Development and International Cooperation, was keen to hold an expanded dialogue with more than 20 of the largest German companies and investors to present the economic developments in Egypt, the improvement in growth and investment indicators, and to invite the German private sector to increase its investments in the Egyptian market.

 

The roundtable, organized by the Federal Ministry for Economic Cooperation and Development in cooperation with the Federation of German Wholesale, Foreign Trade and Services (BGA), included many companies, among them Siemens, Bayer, and BASF, in addition to many companies in the energy, industry, technology, trade, and consulting sectors, among others.

 

In her speech, Dr. Rania Al-Mashat pointed out that the Egyptian government is adopting a clear path to empower the private sector and encourage investments, and that the Egyptian economy has become more stable, with the government proceeding with the economic and structural reform process.

 

Dr. Al-Mashat also urged German companies and investors to benefit from the promising economic opportunities in Egypt, building on the close relations between the two countries, highlighting the Egyptian-German partnership. Germany is considered one of Egypt's largest European partners, with over 1,600 German companies operating in Egypt and German investments exceeding 6 billion euros in the energy, transport, digitalization, and industry sectors.

 

Minister Al-Mashat emphasized that Egyptian-German cooperation has been a model to be followed in the fields of development, economic policies, and institutional reforms. This cooperation is constantly evolving to include deeper levels of integration between the public and private sectors in both countries today. She noted that holding this roundtable reflects a firm conviction that modern economic development cannot be achieved except through a true partnership with the private sector and providing a stimulating environment capable of unlocking investments, adopting technology, enhancing productivity, and supporting innovation.

 

Dr. Al-Mashat highlighted that involving the private sector is a fundamental pillar of the Egyptian development strategy. The state, represented by the Ministry of Planning, Economic Development and International Cooperation, has succeeded in attracting more than $15.6 million in development financing during the period from 2020 until May 2025. She mentioned that European investment guarantees worth €1.8 billion open up great prospects for increasing German investments in Egypt, and that innovative financing for the private sector is on their agenda of priorities with development partners.

 

Dr. Al-Mashat added that the European investment guarantees mechanism allows for real partnerships between European and German investors on one hand, and Egyptian entities on the other, through projects compatible with the "NWFE" platform, for the nexus of water, food, and energy, thereby pushing for the expansion of green financing and climate financing in Egypt. She explained that the German private sector has become a key partner in the journey of the just transition in Egypt's energy sector and the green transformation.

 

Dr. Al-Mashat also referred to the Ministry's launch of “Egypt’s  Narrative for Economic Development: Reforms for Growth and Jobs, and Resilience," a comprehensive national document that links Egypt Vision 2030, the government's action program, and sectoral strategies, supporting the economic reform process to transition to higher-productivity sectors. It also serves as a roadmap for the Egyptian economy and economic reform.

 

Dr. Al-Mashat reaffirmed that the state, over the past years, has managed to implement more than 100 structural reforms, including public finance reform, development of the customs system, implementation of the State Ownership Policy, and modernization of the legislative framework for investment. She explained that the Narrative aims to transition to a new economic model based on deepening local production and increasing exports.

 

Dr. Al-Mashat also confirmed that Egypt witnessed a remarkable rise in the economic growth rate during the fourth quarter of the fiscal year 2024/2025, reaching about 5% compared to 2.4% during the same period last year, the highest quarterly growth rate in three years. This performance contributed to raising the annual growth rate to 4.4% during the fiscal year 2024/2025, exceeding the expectations of international institutions, which reflects the Egyptian economy's ability to face external shocks. She noted that these indicators reflect a clear direction toward increasing productivity, exports, and industry localization.

Minister Al-Mashat addressed the government integration between various entities to preserve reform gains, and the continuous coordination within the economic group to achieve further improvement in the investment environment.

 

The Minister of Planning, Economic Development and International Cooperation praised Egyptian-German cooperation in the fields of green hydrogen, renewable energy, energy efficiency, and modern logistics. She added that the Egyptian government looks forward to benefiting from German technology to maximize the state's priorities for localizing industry in Egypt.

 

It is worth noting that the panel discussion is taking place amidst a remarkable expansion in Egyptian-German cooperation during the current period, both at the level of development cooperation programs and investment flows. This expansion reflects the shared keenness of both sides to strengthen partnerships based on mutual interests and achieve comprehensive economic development.