Egypt to increase PPP opportunities

Egyptian President Abdel Fattah el-Sisi has said his government will develop mechanisms to increase cooperation between the public and private sectors to deliver major infrastructure projects.

 

Speaking at the World Economic Forum in Davos, Sisi pointed to a number of “ambitious national projects” that would entice investors to the country, including plans to develop the Suez Canal.



He said the government would focus on removing obstacles “to enable the private sector to perform its role as an engine of development within a framework of social responsibility”.



“We will work o developing mechanisms for cooperation between the public and private sectors to reduce the burden of funding infrastructure projects,” he added.



Sisi referred specifically to plans for e development and creation of a dual carriageway of the maritime channel of the Suez Canal. “The second phase will entail developing the canal zone,” he added.



Earlier this year, the country’s housing minister confirmed plans for a series of new housing PPP projects.