Chapter Zero Egypt hosted Eng. Hassan El-Khatib, Minister of Investment and Foreign Trade, at the roundtable titled: “Public-Private Sustainable Investment: Stability, Strategy & State Reform”.
The event, attended by board members of private companies and banks, as well as CEO members of the Chapter, covered sustainable investment and efforts to attract them to the Egyptian economy.
In his opening remarks, Eng. Ahmed El Sewedy, Founding Member and Chairman of Chapter Zero Egypt, welcomed the Minister and expressed the members’ eagerness for ongoing collaboration with the Ministry and all relevant entities to achieve an attractive investment climate that supports sustainable development goals. He emphasized the need to capitalize on all available opportunities to overcome challenges through coordination, mutual understanding, and fruitful cooperation between the private sector and decision-makers and praised the progress made, especially in allocating Industrial land.
Minister Hassan El-Khatib, in turn, highlighted the pillars of reform being pursued by the Government, noting four key pillars driving growth, namely the monetary, fiscal and trade policies, and the role of the state in the economy. He stressed that the Ministry is striving to create a business environment that enables and encourages investments, both domestic and foreign, noting that domestic investment is a fundamental component for attracting foreign investment while underscoring the importance of digital transformation and providing facilitated and advanced services to investors.
During the discussion, members presented various proposals and recommendations to support the Ministry of Investment and other relevant entities in improving the investment climate. It was agreed that Chapter Zero Egypt’s sectoral committees would submit working papers to be showcased at the upcoming annual conference later this year. The aim is to encourage Egyptian companies to move forward toward sustainable investment and adopt policies that reduce carbon emissions and climate-related risks.
For his part, Ayman Salah, Founding Member and CEO of Chapter Zero Egypt, affirmed that the association works to empower board members to take real climate action by enhancing their knowledge and skills related to climate priorities as well as the eight climate governance principles issued by the World Economic Forum. These principles serve as crucial tools for board members to lead their companies in navigating climate-related risks, opportunities and challenges, increasing awareness, integrating climate issues into board strategies, structures and processes, and improving the ability to manage the impacts of climate change on business.
Chapter Zero Egypt is the first of its kind in the Middle East and Africa, and one of over 70 related entities around the world, encompassing over 100,000 board members. The Chapter is part of the Climate Governance Initiative network, working to enable Boards with the required knowledge and capacity that will, in turn, secure the future of upcoming generations and ensure the growth and sustainability of our companies and the economy
