Mohamed El-Shimy, Minister of Public Enterprises Sector, met with a delegation from the Afro-Asian General Union Investors (AAGUI), in the presence of Mohamed El-Orabi, Chairperson of the Afro-Asian Peoples’ Solidarity Organization and Chairperson of AAGUI’s Board of Trustees, who is also a member of the Egyptian Senate. The meeting aimed to strengthen investment cooperation and expand partnerships with the private sector. The delegation expressed strong interest in the presented opportunities.
During the meeting, both sides reviewed the comprehensive reform program implemented by the ministry to enhance the performance of its affiliated companies. The program encompasses technical, administrative, and financial restructuring, maximizing the use of state-owned assets, and improving operational efficiency to achieve higher economic returns and boost competitiveness at local and international levels.
El-Shimy stated that companies under the Ministry of Public Enterprises Sector offer a wide range of promising investment opportunities in several key sectors, including metals and mining, chemicals and fertilizers, spinning and weaving, pharmaceuticals, tourism and hotels, and real estate development. He noted that these opportunities provide a strong foundation for attracting serious investments, transferring technology, and deepening local manufacturing.
The minister affirmed the ministry's openness to partnerships with the private sector through various mechanisms, emphasizing that the state offers an enabling investment environment based on transparency and equal opportunities, in support of sustainable development and shared interests.
For its part, the AAGUI delegation expressed strong interest in the opportunities presented, indicating its intention to strengthen cooperation with the ministry and explore partnership models that contribute to boosting investment and creating added value for the national economy. This meeting aligns with Egypt's efforts to attract foreign investments and enhance international partnerships.