Ashraf Salman enjoys a tremendous experience that supported him in transferring his successful experience with major investment banks in Egypt towards revitalizing the investment file during his tenure as the Minister of Investments in mid-June 2014.
Salman is now City Edge Developments (CED) Chairman which is considered to be Egypt’s leading real estate developer, established between New Urban Communities Authority (NUCA) and Housing and Development Bank (HDB)
He was appointed Minister of Investment of the Arab Republic of Egypt from June 2014 until March 2016.
He succeeded in enticing back foreign funds to stimulate an economy racked by years of political turmoil and creating a more business-friendly climate.
During this period, he chaired, and participated in, a number of governmental institutions such as being the chairman of The General Authority for Investment (GAFI), board member of the New Urban Communities Authority (NUCA), the Egyptian General Petroleum Corporation (EGPC), the General Authority for Rehabilitation projects and Agricultural Development (GARPAD), the General Authority for the Suez Canal Economic Zone (SC Zone), and The Supreme Council of Tourism.
Salman also headed and was a member of over 40 government committees concerned with investment related issues such as the ministerial economic committee, the investment conflict-resolution committee, the international arbitrage counseling committee, amongst others.
Salman was the co-founder and co-CEO of Cairo Financial Holding (CFH), one of Egypt’s fastest growing investment banks. He is an MBA holder from Birmingham University, Alabama, USA, and a Lead Assessor granted by SGS Yarsley, United Kingdom.
He has accumulated 15 years of experience in the banking sector. He was the head of Corporate Finance & Investment Banking at the Arab African International Bank (AAIB).
