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Mursi Hijazi - Finance Minister - at the opening of the conference Second International to invest in projects with private sector participation.
Key to private sector participation is UKTI's UK Advisory Network (UKAN) which comprises commercial providers offering high-quality and trusted support to investors setting up in the UK and to home-grown companies doing business overseas.
Establishment of consortiums consist of state and private sector companies and universities, is one of the ways that can persuade private sector to participate in oil industry projects, Qalebani said, referred to some successful cases as private sector participation in enhancing recovery projects.
Although the proposals doing the rounds may be less severe than a Greek payment halt, rating agency Moody's said the "prospect of any form of private sector participation in debt relief is obviously negative for holders of distressed sovereign debt".
The eurozone statement said talks with Greece's creditors are underway to define the modalities for a voluntary private sector participation, "with a view to achieving a substantial reduction in Greece's year-by-year financing needs, while avoiding selective default.
Miklos, a fiscal hawk who rejected contributing to the first 110 billion euro bailout package for debt-laden Greece last year, said debate about the size of the private sector participation in the programme was ongoing.
The prize was reportedly awarded to the Tourism Ministry for its stand's decorative qualities and for a high level of private sector participation in the ministry's projects.
He cautioned that infrastructure deficit may become a major bottleneck for sustained development of economic activities unless private sector participation in infrastructure development is significantly enhanced.