Deputy PM for Economic Affairs discusses EY’s expansion plans in Egypt

Egypt's government is actively seeking to boost foreign investment and foster economic growth, with Deputy Prime Minister for Economic Affairs Hossam Issa meeting a delegation from Ernst & Young (EY) to discuss the company's expansion plans. Issa reaffirmed the government's commitment to enhancing the business environment and encouraging both local and foreign investment.

During the meeting in the New Capital, EY outlined its intention to broaden its services in Egypt, encompassing business, financial, technology, and digital advisory. The discussion also touched upon Egypt's ongoing economic reform program, which includes efforts to improve the performance of state-owned entities, strengthen governance, and implement performance-based budgeting for public spending.

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The government is working to enhance the business environment, encourage local and foreign investment, and expand the private sector’s role in the economy.

Omar Ouda, Head of Consulting for EY MENA, highlighted Egypt as a strategic market due to its skilled workforce, advanced digital infrastructure, and advantageous geographic position. The government's focus on sustainable economic growth and expanding the private sector's role appears to be aligning with the interests of major international firms like EY.

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Egypt as a strategic market for the company, citing its skilled workforce, advanced digital infrastructure, and strategic geographic location.