Minister of Planning, Economic Development and International Cooperation witnesses trading session to mark Egytrans’ acquisition of NOSCO and the reduction of the National Investment Bank’s stake

In the presence of the Deputy Prime Minister for Industrial Development, the Ministers of Investment and Supply, the Chairman of the Financial Regulatory Authority, and the Chairman of the Egyptian Exchange

Minister of Planning, Economic Development and International Cooperation witnesses trading session to mark Egytrans’ acquisition of NOSCO and the reduction of the National Investment Bank’s stake

    Al-Mashat: Transport and logistics are among the sectors contributing most to growth, supported by major developments in the sector since 2014.

     Infrastructure and logistics improve Egypt’s ranking in international indicators and boost the competitiveness of the Egyptian economy.

     The Egyptian Exchange is a cornerstone for enhancing the role of the private sector and supporting the state’s efforts to achieve inclusive, sustainable economic growth.

    An increased share of private-sector investment is a strong indicator of restored private-sector confidence and the effectiveness of implemented reforms.

     I thank the Managing Director of the National Investment Bank and his team for their continuous efforts to maximize returns on the bank’s assets.

    Reducing the National Investment Bank’s stake in the new consortium to 18.3% reflects efforts to make room for the private sector.

   The government is committed to continuing the development and restructuring plan of the National Investment Bank so it can play a larger role in supporting economic and social development plans.

    Financial entanglements between the bank and the Postal Authority are being settled to strengthen the bank’s role in managing and governing public investments.

 

H.E. Dr. Rania Al-Mashat, Minister of Planning, Economic Development and International Cooperation and Chairman of the National Investment Bank, participated in ringing the opening bell at the historic Egyptian Exchange headquarters in downtown Cairo, celebrating the Egyptian Transport Services Company (Egytrans)’s acquisition of the National Company for Transport and Offshore Services (NOSCO) and the reduction of the National Investment Bank’s stake in Egytrans from 25.5% to 18.3%.

The event was also attended by Lt. Gen. Eng. Kamel El-Wazir, Deputy Prime Minister for Industrial Development and Minister of Industry and Transport; Eng. Hassan Al-Khatib, Minister of Investment and International Trade; Dr. Sherif Farouk, Minister of Supply and Internal Trade; Dr. Mohamed Farid, Chairman of the Financial Regulatory Authority; Dr. Islam Azzam, Chairman of the Egyptian Exchange; Mr. Ashraf Negm, Managing Director of the National Investment Bank; Dr. Hashem El-Sayed, Assistant to the Prime Minister and CEO of the State-Owned Companies Unit; and Eng. Maged Shawky, Chairman of Egytrans.

In her remarks at the event, Minister Al-Mashat said that today’s milestone is more than an investment transaction or acquisition: it reflects substantial efforts by multiple entities to implement structural reforms that stimulate the investment climate and improve the business environment. She noted that these developments mirror the Egyptian state’s extensive work to develop the transport, logistics and storage sector since 2014, which has improved Egypt’s competitiveness indicators and opened opportunities for the private sector to expand its activities and increase the transport and storage sector’s contribution to GDP.

Dr. Al-Mashat stated that these developments reflect a shift in the Egyptian economy toward a model based on productivity, exports and private-sector empowerment to drive economic development and sustainable growth. She added that GDP growth indicators show a significant rise in private investment relative to total investment, demonstrating private-sector confidence and the effectiveness of the reforms implemented.

She also said the move is fully aligned with the successive measures the government is implementing under the National Program for Structural Reforms, one of whose main pillars is improving the investment climate and business environment. Whether reforms are implemented at the National Investment Bank or in the capital market, they pursue the state’s objective of empowering the private sector and redefining the role of the state in the economy.

Al-Mashat noted the Egyptian Exchange as a major tool to strengthen private-sector participation, stressing that the government’s public-offering program is a top priority as it helps deepen the market, attract new investment and create promising opportunities for companies.

She added that the reduction of the National Investment Bank’s stake is also part of the state’s efforts to restructure the bank and maximize its investment role. Since its establishment in 1980, the bank has been and remains one of the state’s key economic arms for financing projects included in the development plan and following up on their field implementation, which enhances the efficiency of public spending and addresses obstacles that may affect project delivery. She thanked Mr. Ashraf Negm, the bank’s Managing Director, and his team for their continued efforts to maximize returns on the bank’s assets and investments.

The minister noted that the bank has made great strides in recent years both in institutional development and in settling financial positions, and reiterated the government’s commitment to continue the bank’s development and restructuring to enable it to play a greater role in supporting economic and social development plans.

Regarding the financial entanglements between the National Investment Bank and national entities, she said the settlement with the National Bank of Egypt has been completed and procedures to settle entanglements with the National Postal Authority are underway, which will help strengthen the bank’s role in managing and governing public investments.

She concluded by saying that the current stage requires further joint effort and work to achieve the government’s targets, particularly in enhancing Egypt’s attractiveness to investment and supporting competitiveness.

Notably, GDP indicators for the first quarter of the current fiscal year showed private investment rose to account for 66% of total investment. The Purchasing Managers’ Index (PMI) in Egypt also rose to 51.1 points in November 2025—the highest level since October 2020—reflecting the non-oil private sector’s strongest improvement in the business environment, supported by stronger demand, lower input costs and growth in manufacturing, construction and services sectors.

At the close of the event, Dr. Islam Azzam, Executive Chairman of the Egyptian Exchange, honored Dr. Rania Al-Mashat in recognition of her efforts in restructuring the National Investment Bank.