Ahmed Kouchouk, Minister of Finance, announced that Egypt’s legal framework for public procurement has earned international recognition in a recent report by the New Development Bank (NDB) of the BRICS countries. The report praised the Egyptian Public Procurement Law for its alignment with the bank’s policies and international best practices, confirming its suitability for projects financed by the NDB.
Kouchouk highlighted the importance of discussing the report’s recommendations during a two-day workshop held in Cairo, which brought together business leaders, government stakeholders, representatives from the NDB, and the General Authority for Government Services.
He underlined the government’s commitment to strengthening institutional collaboration with international partners to improve the investment climate and emphasised the role of external assessments in supporting the continuity of structural reforms. He noted that modernising the public procurement system is a key step towards fostering stronger partnerships with the private sector.
Kouchouk also revealed that the national electronic procurement platform is close to completion. Once operational, it is expected to simplify procedures, enhance transparency, and improve accessibility for investors—ultimately contributing to a more competitive and attractive business environment.
The deputy minister further reaffirmed the state’s dedication to promoting competitive neutrality in Egypt’s markets through better governance and transparency. He stressed the importance of maintaining structured dialogue platforms between the private sector and international institutions to exchange expertise on procurement frameworks.
For his part, Mohamed Adel, head of the General Authority for Government Services, stated that the goal is to enhance the efficiency of the government’s procurement system. He explained that the Authority is closely examining the NDB’s recommendations and is currently implementing a comprehensive development plan covering legislative, procedural, and technical reforms. Adel also noted that building human capacity remains a cornerstone of any successful institutional reform.
