The meeting focused on strengthening bilateral cooperation to optimize the utilization of state-owned assets, ensuring maximum economic and developmental returns in alignment with Egypt’s Vision 2030.
A primary focus of the discussions was the revitalization of
assets with significant historical and investment value. Both ministries are
exploring sustainable economic frameworks to leverage these properties,
particularly to bolster the tourism and hospitality sectors, while strictly
preserving their cultural and architectural heritage.
Minister Shimi praised the ongoing constructive coordination
between the two ministries, emphasizing a shared commitment to expanding
cooperation in the national interest.
"The Public Business Sector companies possess vast
manufacturing, production, and service capabilities, alongside accumulated expertise
that qualifies them to execute joint projects with high efficiency,"
stated Minister Shimi. He further affirmed the Ministry’s readiness to provide
comprehensive technical and administrative support, including the development
of sophisticated investment models to ensure the success of these joint
ventures.
Dr. Osama Al-Azhari, Minister of Endowments, expressed his
appreciation for the sincere cooperation aimed at achieving a qualitative leap
in joint operations. He highlighted the importance of investing in the
Endowment Authority’s historical assets in a way that safeguards their cultural
and human value while generating sustainable economic revenue to support the
Ministry’s social and religious mission.
The meeting concluded with an agreement to maintain continuous coordination. Both parties committed to establishing clear executive mechanisms, setting specific timelines to translate these discussions into tangible projects, and ensuring the optimal exploitation of state assets to benefit the national economy and society at large.