In press statements today, El-Samadouni stressed the need to
accelerate expansion and development plans and involve the private sector in
port management. He highlighted the critical importance of timeliness in making
such strategic decisions, warning that delays could diminish their impact,
increase costs, and undermine their objectives.
He noted that working within the private sector framework
provides greater opportunities for growth, innovation, and success compared to
government-led mechanisms, as managing public funds requires lengthy and
routine procedures that slow down the implementation of development
initiatives.
El-Samadouni underlined that strengthening the partnership
between the state and the private sector has become a strategic necessity to
achieve development goals. While recent years have witnessed positive steps in
economic policies, he said the next phase requires doubling private sector
participation in the national economy to reach targeted levels.
He further noted that foreign direct investment could reach
$15 billion annually if the state maintains its pro-partnership policies and
ensures transparency in project offerings.