• Egyptian Regulations Applicable to Development Projects Financed by the Bank
• Kouchouk: Committed to Strengthening Institutional Cooperation with International Partners to Enhance the Investment Climate
• Institutional Reform Supported by International Assessments
• Public Procurement System Reform: A Key Tool in Advancing Public-Private Partnerships
• Electronic Procurement System Project Nearing Completion to Simplify Procedures and Facilitate Investors
• Expanding Investment Opportunities Through a Competitive and Transparent Business Environment
• Establishing Competitive Neutrality in Egypt’s Markets Through Enhanced Governance
• Dialogue Platforms Between the Private Sector and International Institutions to Exchange Procurement Expertise

 

 

 

Minister of Finance, Ahmed Kouchouk, confirmed that Egypt’s public procurement legal framework has received international recognition in a report issued by the New Development Bank (NDB) of the BRICS countries. The report highlights that Egypt’s Public Procurement Law aligns with the bank’s policies and global best practices, and that its provisions and procedures are applicable to development projects financed by the bank. He emphasized the importance of discussing the report’s recommendations during the workshop held today and tomorrow in Cairo, attended by business community representatives and relevant government entities, in coordination with the NDB and the General Authority for Government Services.

Kouchouk noted Egypt’s keenness to deepen institutional cooperation with international partners in improving the investment environment, underlining the significance of international evaluations to ensure continued institutional reforms. He added that developing the public procurement system is a vital tool for strengthening partnerships with the private sector.

He further stated that the electronic procurement system project is nearing completion, aiming to simplify procedures and ease investor access. The government is working to create a more attractive business climate that encourages increased private investment.

The Minister stressed the government’s commitment to establishing competitive neutrality in Egyptian markets through enhanced governance and transparency, and emphasized the importance of launching dialogue platforms between private sector representatives and international institutions to exchange experiences and best practices regarding public procurement.

Mohamed Adel, Head of the General Authority for Government Services, said that efforts are underway to enhance the efficiency of the public procurement system. He confirmed that the recommendations from the NDB report will be carefully considered, noting that the Authority is currently implementing a comprehensive development plan covering legislative, procedural, and technical aspects, with a strong focus on building human capacity as the main driver of any institutional reform.