- Dr. Mohamed Fared Saleh stated:
- Maximizing assets returns is no longer an option but a necessity to enhance the efficiency of the national economy.
- Expansion into the African continent is a strategic pathway to increase Egypt’s exports.
- Partnership with the private sector is the key to implementing fast and efficient projects aligned with the State’s vision.
As part of an institutional momentum aimed at improving the efficiency of State resource management and stimulating the growth of service exports, Dr. Mohamed Fared Saleh, Minister of Investment and Foreign Trade (MIFT Minister), held a meeting with Dr. Hashem El-Sayed, Assistant to Prime Minister and Head of the State-Owned Enterprises Unit at the Council of Ministers; Dr. Emad El-Din Mostafa, Director of Corporate Restructuring; Mr. Magdy El-Manshawi, Chairman of the Holding Company for Tourism; and Mr. Amr Attia, Managing Director of the Holding Company for Tourism.
The meeting addressed the development of tourism assets and maximizing their utilization, in addition to exploring coordination mechanisms among relevant entities to support more efficient project implementation.
MIFT Minister emphasized that enhancing the efficiency of managing state-owned assets is a strategic objective that requires the creation of advanced partnership models with the private sector, ensuring faster execution and opening new investment horizons in key sectors. This would transform these assets into productive capacities that contribute to GDP growth.
In addition, Dr. Farid stressed that the tourism sector and related services have significant potential to contribute to the growth of service exports.
MIFT Minister further highlighted that expansion into African markets represents a key priority for MIFT in the coming phase, particularly in education, tourism, and technical services, noting that integration between State institutions and holding companies will facilitate Egyptian companies’ access to promising investment opportunities across the African continent.
Dr. Farid added that the current phase requires the development of an innovative promotional approach for projects, based on engaging major companies and tourism experts to market available opportunities and ensure optimal outcomes.
On his part, Dr. Hashem El-Sayed, Assistant to the Prime Minister and Head of the State-Owned Enterprises Unit, stated that the unit is working closely the MIFT and holding companies to provide support in restructuring processes and business model development.
Mr. Hashem noted that the current efforts focus on establishing an institutional framework that ensures transparency and improves resource management efficiency, thereby enhancing the attractiveness of affiliated companies to both local and international investments.
Meanwhile, officials from the Holding Company for Tourism presented a set of technical proposals related to the development of affiliated historical and hotel assets, with a focus on heritage revitalization projects for high-value properties. They also discussed opportunities for expanding new activities to support the sector in the coming period, expressing their readiness to cooperate with MIFT to support the development of these projects and maximize the economic returns of available assets.
