Egypt and World Economic Forum Strengthen Partnership to Foster Economic Development

Strategic Insights -

Dr. Rania Al-Mashat, the Minister of Planning and Economic Development and International Cooperation, held a crucial meeting with Mr. Borgi Brandi, the President of the World Economic Forum, on June 24, 2025, at the beginning of the Forum's meetings in Tianjin, China. The meeting aimed to address the global economic situation and discuss the impact of disrupted developments on the regional and local economy. Dr. Al-Mashat emphasized the significance of the partnership between Egypt and the World Economic Forum in devising innovative solutions to tackle the challenges facing the global economy.

Key Takeaways:

  • The meeting between Dr. Rania Al-Mashat and Mr. Borgi Brandi discussed the challenges of global economic development and the importance of collaboration to enhance economic resilience.
  • Dr. Al-Mashat emphasized the significance of the partnership between Egypt and the World Economic Forum to support national priorities and implement economic reforms.
  • The Egyptian government aims to transform its economy towards tradable and exportable sectors, led by local and foreign private sectors.
  • The World Economic Forum has been a crucial partner for Egypt, with a strategic dialogue held in 2021 to attract foreign investments in promising sectors, based on Egypt's competitive advantages.
  • Dr. Rania Al-Mashat jointly chairs the Clean and Renewable Energy Investment Acceleration Network in emerging economies, launched by the Forum during the annual meetings in Davos in 2024.
  • Discussions were held on mechanisms and ways to cooperate with the Forum to enhance environmental, economic, and social resilience.

Statistics:

  • The Egyptian government's three-year program aims to enhance the resilience and stability of the Egyptian economy.
  • Over $15.6 billion in funding has been provided to empower the private sector in Egypt since 2020 until May 2025.
  • The Egyptian government has implemented consistent steps toward economic transformation and growth, led by local and foreign private sectors.
  • Egypt's economy has demonstrated resilience in dealing with changes and the ability to withstand successive global and regional shocks.

Sources:

  • State Information Service Egypt
  • World Economic Forum