As part of his meeting with a number of experts and thinkers in various fields.. the Prime Minister meets with Dr. Ziad Bahaa El-Din to discuss a number of economic files

Madbouly: Ready to receive any opinions to enhance confidence with the private sector..

And Bahaa El-Din: Restoring confidence with investors is very important

Dr. Mostafa Madbouly, Prime Minister, met today, at the Council of Ministers headquarters in the New Administrative Capital, Dr. Ziad Bahaa El-Din, former Deputy Prime Minister, great economic and political thinker; This is within the framework of a series of specialized meetings with a number of intellectual leaders and experts in various fields. To discuss some of the issues and files currently on the scene.

The Prime Minister began the meeting by welcoming Dr. Ziad Bahaa El-Din, in this meeting, which comes within a series of specialized meetings with a number of thought leaders, pointing out that he had previously Dr. Ziad was invited to the previous expanded meeting with a number of intellectual figures, but due to special circumstances he was unable to attend.

Dr. Mustafa Madbouly, addressing Dr. Ziad Bahaa El-Din, said: I follow all the articles you write, and there is a strong keenness to benefit from what These articles contain ideas and theses that shed light on a number of political issues and economic files, which contribute to achieving the general interest of the Egyptian state. Therefore, this meeting comes in order to listen to your visions regarding the economic situation in general by presenting specific elements and action procedures in this regard.

In turn, Dr. Ziad Bahaa El-Din expressed his welcome to this meeting, which provided the opportunity to present ideas and opinions that could be useful in analyzing the current conditions of the Egyptian economy, from several different angles, pointing out in this context that the Egyptian state The recent economic crisis has been overcome thanks to three factors: the Ras al-Hikma deal, the support of the International Monetary Fund, as well as cooperation with the European Union and its reaching the level of a comprehensive strategic partnership.

In the same context, Dr. Ziad Bahaa El-Din continued presenting his opinions. Pointing out that citizens now have optimism for a better future; This is due to the presence of several indicators that contributed to this, including the current government formation, which includes a number of promising figures, indicating that he is following the performance of a number of ministers who already have important ideas.

During the meeting, Dr. Ziad Bahaa El-Din drew attention to the point The mission is that restoring confidence with investors is a very important matter, and there are some proposals and ideas in this regard, including those related to the state ownership policy document. He said: My advice is that there be a second version of it. To start from different starting points, the document must have a clear policy, with a specific table attached to it that explains the procedures for the state’s exit from the economy.

Dr. Ziad also presented another proposal related to the fees that are imposed on investors, expressing his belief that the government It has taken a course of action, and there is a decision not to impose any new fees on investors without the approval of the Council of Ministers, pointing to a number of fees that are imposed on investors, especially with regard to the expansion of activity, including industrial activity, stressing the importance of tracking these fees, and what is done about them. Procedures and announcements.

He also indicated that a meeting was held with the Minister of Finance, regarding the tax incentive package that the government announced, which is a very important matter.

During the meeting, discussions took place about the mechanisms The ideals that must be followed to achieve greater trust between the state and the private sector.

In this context, the Prime Minister stressed that over the past periods he met with many international investors in various sectors, and these investors expressed their great admiration. With the current development experience of the Egyptian state, compared to what the country was 20 years ago.

Dr. Mostafa Madbouly added that the matter is different for the local private sector. It seems that there is a need for more measures to build more confidence. Despite all the measures that have been taken over the past periods, with regard to various incentive packages to encourage the private sector in most sectors, implementing what was stated in the state ownership policy document regarding significant support for the private sector, and defining clear policies that achieve competitive neutrality. < /p>

In this context, the Prime Minister stressed that he is ready to receive any opinions and ideas that would enhance confidence between the state and the private sector. In this context, Dr. Ziad Bahaa El-Din stressed that no one denies that many things have changed with regard to the important measures and steps taken by the Egyptian government to encourage the investment climate, but the effects of these measures do not necessarily appear now, as it is known that it will take some time. In order to see the results of these procedures.

"Bahaa El-Din" added In this context, the Egyptian state focused on a number of important matters that concern investors abroad, noting that global investors look at a number of points, most notably political stability and the extent of a country’s ability to fulfill its debts. Many of these investors pump investments into debt instruments such as Bonds, and they care a lot about not lowering the rating of these bonds in order to preserve their money, and the government has already succeeded in conveying an important message that the state is capable of paying its obligations despite all the challenges it faces.

Dr. Ziad Bahaa El-Din also stressed the necessity of There is a keenness to implement the economic policies that are drawn up, and not limit the matter to mere talk or theories, pointing out that global investors want to see specific frameworks for work in specific sectors such as investment in the health sector, especially in building hospitals, and there are standards. Specific in this context, they must ensure that they exist before they begin work, and the same applies to other sectors such as education.

Here the Prime Minister confirmed that the frameworks already exist and that there are important partnerships that have been concluded between us and medical institutions. Universality in this regard, indicating that he is also open to any discussions that would facilitate work in these pivotal areas for the Egyptian state.

At the conclusion of the meeting, Dr. Mostafa Madbouly thanked Dr. Ziad Bahaa El-Din for this session, which It included presenting many important ideas and visions, stressing that in the coming period there will be many meetings with thinkers on specific issues and sectors, and procedures for action in various fields. In order to provide more in-depth and detailed insights into it.

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