A recent NDB report stated that Egypt's public procurement law aligns with the bank's policies and global best practices, allowing Egyptian regulations and procedures to be applied to development projects funded by the NDB.
Kouchouk highlighted the importance of discussing the
report's recommendations during a two-day workshop in Cairo. The event,
coordinated with the NDB and the General Authority for Government Services,
brings together government officials and business leaders.
The Minister stressed the government's commitment to
institutional cooperation with international partners to improve the investment
environment. He noted the importance of international institutions' evaluations
in ensuring continuous institutional reforms and described the development of
the public contracting system as a key tool for private-sector partnerships.
He announced the near completion of an electronic system for
public contracts, which aims to simplify procedures and ease the process for
investors. Kojak added that the government is working to create wider
opportunities to encourage private investment in a supportive business
environment.
Kouchouk also affirmed the government's commitment to
establishing competitive neutrality in the Egyptian market through better
governance and transparency. He emphasized the importance of dialogue platforms
for private-sector representatives and international institutions to share
expertise on the public contracting system.
Mohamed Adel, head of the General Authority for Government Services, stated that the authority aims to enhance the efficiency of the government procurement system and will consider the NDB report's recommendations. He added that the authority is currently implementing a comprehensive development plan that includes legislative, procedural, and technical aspects, with a focus on building human capacity as the main driver of institutional reform.