Hoffmann stated that the meeting reflected Egypt’s international standing and aimed to showcase Sisi’s vision for private sector involvement in the state’s comprehensive development plans. Sisi outlined a strategy focused on expanding the private sector’s role, including the implementation of the State Ownership Policy document and an initial public offering (IPO) programme. These measures, along with a ceiling on public investment, have led to an increase in the private sector’s share of total investment in Egypt, El-Shennawy said. Regarding macroeconomic performance, Al-Sisi noted that Egypt’s economic programme, conducted in cooperation with international financial institutions led by the International Monetary Fund (IMF), has resulted in improved indicators. In a separate meeting, Al-Sisi held talks with WEF President and Chief Executive Børge Brende to discuss global challenges and development.
