Ahmed Rostom, Minister of Planning and Economic Development, met with Almud Weitz, Regional Director for Infrastructure in the Middle East and North Africa at the World Bank Group, to discuss strengthening cooperation and advancing shared strategic priorities.
Rostom affirmed that Egypt is pursuing a comprehensive development vision aimed at promoting sustainable growth, improving the investment climate, and expanding private sector participation. He stressed that entrepreneurship remains central to government priorities, given its role in driving innovation and creating sustainable employment opportunities for youth.
The minister noted that the ministry is coordinating with relevant entities to build an integrated system that supports innovation by simplifying procedures, improving access to finance, and advancing digital transformation, steps designed to enhance Egypt’s competitiveness regionally and internationally.
On infrastructure, Rostom revealed that the government is developing an innovative financing model that combines public resources, private sector investment, and foreign capital. This mechanism, he explained, will enable major national projects to be funded more efficiently and sustainably, building on Egypt’s recent achievements in energy, transport, and urban development.
For her part, Almud Weitz reaffirmed the World Bank’s commitment to supporting Egypt’s efforts, praising the resilience of Egypt’s tourism sector amid regional challenges. She added that the Bank is conducting intensive consultations with investors and private sector stakeholders to identify opportunities and design innovative solutions that support green and sustainable tourism in Egypt.
