Al-Sisi urges to develop international cooperation in development projects

President Abdel Fattah Al-Sisi urged to develop and review the frameworks of international cooperation in development projects, to ensure that they meet the national needs and priorities.

He emphasized the importance of investing in human capital, providing services and social protection equally in all regions of the Republic, and highlighting the key role of the private sector in achieving comprehensive development in Egypt. He also expressed the state’s keenness to support and activate the private sector’s role.

This was during President Al-Sisi’s meeting on Saturday with Prime Minister Mostafa Madbouly and Minister of International Cooperation Rania Al-Mashat.

The presidential spokesperson, Ahmed Fahmy, said that the meeting discussed the national efforts to enhance multilateral and bilateral international cooperation through economic diplomacy, especially regarding supporting and empowering the private sector in Egypt.

Al-Mashat explained that the Egyptian private sector received concessional financing worth 10.3 billion dollars over the past four years, in the form of financial and technical support. President Al-Sisi was updated on the implementation of the “Hafiz” platform, which is the first integrated platform that connects development partners and the private sector. The platform offers various services by development partners, such as financial and technical support, investments, concessional development financing, training programmes, and capacity building.