Egypt and the ICD Meet to Discuss Acceleration of Economic Development

Rania A Al-Mashat, Minister of International Cooperation of Egypt met with Ayman Amin Sejiny, Chief Executive Officer and General Manager at Islamic Corporation for the Development of the Private Sector (ICD), to discuss possibilities of future cooperation in the backdrop of the economic challenges posed by COVID-19. The challenges highlight the importance of refocusing on the development of the private sector. The meeting also emphasised the longstanding relations between Egypt and the ICD.

Why it Matters?

The ICD plays a crucial role in attracting foreign direct investments (FDIs) to Arab countries and in promoting economic activity between Arab countries. Over the last three years, Egypt’s private sector contribution to the GDP has grown to 74...