Ahmed Rostom, Minister of Planning and Economic Development, has directed the reallocation of investment priorities for the National Investment Bank (NIB) and its investment arm NI Capital Holding, as part of efforts to enhance their role in supporting development and economic growth. Speaking during a Saturday meeting with Ashraf Negm, NIB’s Managing Director and Deputy Chairperson, and Mohamed Metwally, CEO and Managing Director of NI Capital Holding, Rostom said the current phase requires the National Investment Bank to transform into a strategic development partner. The first involves supporting spatial development by strengthening economic clusters in governorates, with the aim of transforming development projects into productive engines that support local value chains. This approach aligns with the presidential Decent Life initiative, which seeks to promote economic transformation in villages and shift from direct support to sustainable economic empowerment. Rostom said NI Capital plays a pivotal role in developing investment tools and strengthening private-sector participation in financing development projects with promising returns, thereby enhancing the Egyptian economy’s capacity to attract long-term development financing for strategic opportunities.

Source: Daily News Egypt March 07, 2026 16:51 UTC