Public Private Partnerships (PPPs) Are Key for New Egypt
“It’s high time that the Egyptian government partners with the private sector. The private sector in Egypt is extremely resourceful,” says Tony Freiji, President & CEO Wadi Group.
imported 2024-03-17 17:43:07
“It’s high time that the Egyptian government partners with the private sector. The private sector in Egypt is extremely resourceful,” says Tony Freiji, President & CEO Wadi Group.
“If we look at this particular sector, Egypt is poised to play a leading role in supplying quality food and processed foods to the rest of the world, particularly Europe, the Eastern United States and the rest of the Mediterranean Basin,” notes Tony Freiji, President & CEO Wadi Group.
“The Bank of Alexandria is the third largest bank in the private sector,” says Roberto Vercelli, Managing Director & CEO of AlexBank.
“The banking sector has grown over the last 3 years both in terms of loans and deposits because we have a lot of liquidity in the country,” explains Roberto Vercelli, Managing Director & CEO of AlexBank.
“We can only compete on internationally focused projects; we cannot compete in the local market. When it comes to international projects, where you need to have international experience, we are considered one of the only companies in Egypt who manages certain types of consortiums,” says Mostafa Al Hassan, Chairman of Global Consolidated Contractors (GCC).
“Global Consolidated Contractors was established in 2005. The idea behind the company and even its name was to create a merger between the consortium from international companies in the construction sector and local companies. We work in construction management and we bring together international expertise and local labour to bid for international projects,” says Mostafa Al Hassan, Chairman of Global Consolidated Contractors (GCC).
“We started the company in 2005. I would call myself a co-founder because it was only me and the CEO to begin with. We now have 700 employees spread all over Egypt,” explains Haithem Trabeek, Strategy & Business Planning Director at e-finance.
“e-payment currently has enormous potential and it is expanding. When we started in 2005, e-payment did not even exist and now it is part of the country’s future strategy, which was announced by the Minister of Telecommunication a couple of months ago,” explains Haithem Trabeek, Strategy & Business Planning Director at e-finance.
We have good cooperation and collaborations with friends from all over the world. For example, we have about 200 missions in archaeological areas and 80% of them are from the Egyptian foreign mission.
AIB is considered the private bank for high net worth individuals inside Egypt. This business model will change very soon, once we get local currency operations in place.