Public Business Sector’s Role in Economic Development

The British University in Egypt (BUE), under the auspices of H. E. Mr. Mohamed Farid Khamis, The Faculty of Business Administration, Economics and Political Science (BAEPS), and the Research Centre for Innovation, Governance and Green Economy (CIGGE), presented “Public Business Sector’s Role in Economic Development” forum discussion. The keynote speech was delivered by H.E. Dr. Ashraf El Sharkawy, the Minister of Public Business Sector who addressed the role of the public sector in Egyptian economic development. The forum aimed at creating a dialogue with private and government sectors' stakeholders on how to foster the investment and business climate in Egypt. Hence, a comprehensive analysis was first presented by Professor John Adams, Head of Economics Department at the Faculty, to identify where Egypt stands across the world, based on four major international business evaluation indexes. The analysis specifically evaluated Egypt’s position to its comparative economies over the past ten years. Two panel discussions followed to provide insights on Egypt’s investment climate and opportunities. The government sector panel included: Mrs. Heba El Serafei, Head Disclosure Division, EGX; Mr. Sherif Samy, Former Chairman, Egyptian Financial Supervisory Authority; Dr. Suzanne Hamdy, Senior General Manager and Member of the Executive Committee, Bank Misr; Mr. Ashraf El Khatib, Senior Vice President- Private Equity- NI Capital. The private sector panel included: Mr. Seif Fahmy, Chairman of Egyptian National Competitiveness Council (ENCC); Ms. Marwa Mahgoub, private sector specialist, the World Bank; Dr. Ahmed Mokhtar, Managing Director of The National Bank of Kuwait Capital; and Mr. Oliver Richard, Director for North Africa Department for International Trade (DIT), UK Embassy. The panels' discussions concluded with some suggested policies to generate innovative and practical ideas for the country’s future investment road map. Furthermore, it paved the way to initiate a series of future discussions to promote the investment and business climate in Egypt as well as enhancing the public business sector’s role in the economic development. The forum was held at The British University in Egypt campus, on November 26th, 2017, and was attended by participants from the governmental and private sectors in addition to BUE students and staff who provided insightful discussions and comments to the panelists members.