Cairo: Egypt’s Minister of Public Enterprises, Mohammed Sheemy, engaged in discussions with a delegation from Qatar’s Power International Holding (PIH) to explore potential investment partnerships in strategic sectors such as metals, fertilisers, healthcare, and real estate. This meeting, which took place at the ministry’s headquarters in the New Administrative Capital, is part of Egypt’s broader initiative to attract private capital and maximise the returns on state-owned assets.

According to State Information Service Egypt, the meeting reflects Egypt’s commitment to fostering partnerships with major economic players to promote sustainable development. Minister Sheemy emphasised the government’s focus on unlocking high-return investments that create jobs and have strong export potential. He highlighted that Egypt offers an increasingly attractive and enabling environment for investors.

Power International, a diversified Qatari conglomerate, showed interest in expanding its operations in Egypt. The group, w
hich operates in sectors including energy, construction, telecoms, food industries, real estate, hospitality, and entertainment, sees potential growth opportunities in the Egyptian market.

Ministry officials indicated that investment opportunities are available across a portfolio of companies, spanning chemicals, textiles, tourism, construction, and pharmaceuticals. These discussions are aligned with Egypt’s strategy to enhance public-private partnerships and attract regional investors to aid in its economic transformation goals.

The meeting saw the attendance of legal and senior advisors from the Ministry of Public Enterprises Sector, underscoring the seriousness of the discussions and the potential for future collaboration between Egypt and Qatar’s PIH.