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Business

Nasr: Our goal is greater participation of private sector in development process

Saturday 16/December/2017 - 01:40 PM
Sada El Balad
Rehab Sayed

Dr. Sahar Nasr، Minister of Investment and International Cooperation، delivered the opening speech at the annual meeting of the Marseille Center for Mediterranean Integration in Marseille، France، in the presence of Dr. Hafez Ghanem، World Bank Vice President for the Middle East and North Africa، and Blanca Moreno Dodson، Director of the Marseille Center for Mediterranean Integration.

For the third year in a row، Egypt participates in this annual meeting in light of Egypt's keenness to strengthen cooperation with the member countries of the Center and exchange more ideas on the future of development and investment in the Mediterranean region.

The Minister said that Egypt has made remarkable progress in the field of investment during the past months. The new investment law has been approved and the environment has become suitable in Egypt to receive more investments from all over the world. ،

The Minister stressed that Egypt adopts an ambitious development plan، as it ،during the past three years، has been able to launch and complete a large number of mega national projects to be a starting point for the future and has taken many steps towards increasing the competitiveness of the economy and its growth and openness to the world،

The Minister expressed her keenness to increase cooperation with the Center for Mediterranean Integration in the field of youth، pointing out that young people represent about 50% of the population of Egypt، indicating that it can cooperate with the Center through support of the initiative "Your idea is ​​your company" launched by the ministry to support emerging companies.

The minister stressed Egypt's keenness to sign the memorandum of understanding on cooperation between Egypt and the Center from 2018 to 2023، which will contribute to enhancing cooperation between Egypt and all member countries and partners in the center.

The Center for Mediterranean Integration was established in 2009 with the initiative of the World Bank and the French Government، with the participation of a number of countries، to assist in the transfer of knowledge and capacity-building، the development and modernization of education in the Mediterranean countries. It also aimed at holding dialogues at various levels، whether، officials or Youth to participate in supporting economic development efforts and integration at the level of Mediterranean countries،

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