18 April 2016
«Ayady Investment and Development» represents a new business model reflecting the efforts of the State to support investments in partnership with the private sector- mainly in the focal areas to stimulate economic growth, and to achieve community development in tangible balanced reach across different regions of Egypt. All within the framework of integration with targeted National projects over the medium and long term plan.
Ayady had held a press conference under the theme "One year of work" - not just celebrating its first anniversary of the launch of the company's business in the Egyptian market, but rather to shed light on all developments and investment plans adopted. Event held the participation of a group of representatives of the business community, media and the press and in the presence of Dr. Ashraf El Araby- Minister of Planning and Administrative Reform, as well as Osama Saleh, former minister of investment, and currently chairman of Ayady.
«Ayady Investment and Development» had been founded within the framework of the partnership program between the public and private sectors in order to contribute effectively to the development and employment of economic resources, investment opportunities, and human resources that are a strong differentiator to the Egyptian market; where prevail for young people, with the needs and priorities of economic and community development in different provinces by supporting projects concerned with maximizing utilization of the available environmental resources in each province.
Ayady, a new model of state-owned enterprise where functional management and operation are being handled by a majority of the private sector -through a team of highly qualified members, with diverse experiences. The company has focused during the past year on developing an integrated business model; with clear indicators to measure the investment and operational performance, according to the best standards of international practices.
Within this context, Dr. Ashraf El Araby- Minister of Planning and Administrative Reform- advises that there is a strategic dimension to the work and projects of the company «Ayady Investment and Development» as a key to the implementation of economic, social and environmental vision underlying the scheme «Egypt's vision 2030 », where lies main objectives in achieving prosperity for the country through sustainable development and achievement of social justice, as well as creation of a balanced economic growth geographically, until the fruits of development would reach citizens in a balanced way; throughout all of Egypt.. in the context of integration with the targeted national projects plan in the medium and long term.
From his part, Mr.Osama Saleh- Chairman of «Ayady Investment and Development» and former Minister of Investment- confirms that the company represents a new model - as results of the state efforts in supporting investments partnership with the private sector, which is the first bridge of its kind for economic cooperation between the public and private sectors.
And while ownership of the company is publicly-owned, yet its professional and dedicated management team are utilizing rather private sector ideology and perspectives. He said the company had closely studied beyond 40 projects and finally decided to focus on specific sectors: including industry, agriculture and tourism, as well as the service sector, it works to invest this capital, which amounts to 410 million pounds, and seeks to increase it in the coming period- via the contribution and engagement of both local and international development private sector entities.
The company made significant progress in implementing a number of projects and strategic initiatives over the past year, and contributed to the direct investment fund for projects of tourism development «Papyrus», as well as its contribution to the company «Enmaa Leasing»- in cooperation with the Islamic Development Bank and the Arab Investment Bank.
In addition to starting the establishment of a microfinance company in collaboration with The Egyptian Post organization for Investment, and the National Investment Bank.
As well as the establishment of "Ayady Company for Investment and Industrial Development" entitled for services providing and real estate asset management- in collaboration with a French/Emerati technical alliance with a capital of 500 million Egyptian pounds.
Saleh added that development indicators in Egypt had started to show positive recovery , and that the local market will pass an economic soon witness an anticipated 'Revival', particularly in the light of the presidential initiative and the Central Bank of Egypt in supporting the financing of small and medium enterprises. On this basis, the company aims to attract investments, especially the ones with available financial surpluses are always looking for investment opportunities through with an institutional framework for the governance and management of national entities, provided that they have a direct presence at the provincial level and to have a previous business and expertise needed to maximize the return on investment in parallel to achieve payback community tangible in the form of creating new job opportunities with the integration of projects and activities in the informal economic system of the state.
It is worth mentioning that the company «Ayady Investment and Development» was founded in February 2015 in contribution between the government and the private sector, and began its work in May that followed - as one of the strategic tools for the implementation of economic, social and environmental vision of the national program «Egypt's vision 2030». The company was launched with a capital source of 410 million pounds and is seeking to reach out to 10 billion Egyptian pounds in 5 years. The company focuses on the establishment of investment projects that meet the needs and priorities of development in different provinces; in all areas and economic sectors , all by maintaining the development of these projects in best appropriate methods - suitable for area and its related available resources.
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© Press Release 2016