As part of Egypt’s strategy to strengthen its investment and trade presence in Africa, Mohamed Farid Saleh, Minister of Investment and Foreign Trade, and Alaa Farouk, Minister of Agriculture and Land Reclamation, held a high-level coordination meeting with representatives from sovereign, economic, and diplomatic institutions.
The meeting focused on enhancing Egypt’s investment and trade footprint in Africa, in line with domestic development priorities and the objectives of the Egyptian private sector.
Discussions featured the feasibility of establishing a specialised investment entity to support Egyptian investors across strategic sectors, particularly those related to food security and agricultural development.
Saleh emphasised that expanding trade and investment in African markets aligns with government priorities and directives to strengthen continental economic integration. He highlighted promising opportunities in key sectors capable of creating mutual value for both Egyptian investors and African economies.
The proposed investment entity will facilitate support, streamline procedures, and coordinate government efforts, working closely with the private sector to ensure sustainable operations.
For his part, Farouk stressed that directing Egyptian investments toward Africa will bolster agricultural production, secure food supply chains, accelerate regional development, and reinforce Egypt’s role as a regional hub for agricultural innovation.
He affirmed that such investment will generate jobs, develop rural communities, and strengthen the continent’s resilience to global economic challenges.
