As part of its ongoing efforts to position Egypt as a leading global investment destination, the Minister of Investment and Foreign Trade, Mohamed Farid, held a comprehensive meeting on Tuesday with representatives of the International Finance Corporation (IFC) to enhance the business and investment environment and explore collaborative mechanisms between the two sides.
The meeting addressed key initiatives to promote sustainable financing, support startups, and leverage digital and green economy tools.
The practical measures discussed during the meeting included improving investment governance, enhancing digital transparency, launching advanced capacity-building programmes, and expanding the carbon market while linking it to corporate social responsibility (CSR).
These efforts aim to attract high-quality investments and foster sustainable economic growth, the ministry said in a statement.
During the meeting, Minister Farid highlighted that the reform plan emphasises systematic and transparent management of Egypt’s investment portfolio, guided by clear performance indicators.
Evaluation of affiliated entities will consider foreign direct investment volume, new company formation, and strategic sector priorities, monitored via a monthly-updated dashboard, Farid said.
He underscored the importance of accurate data from companies, including financial statements and tax compliance, as a prerequisite for accessing government services and making informed investment decisions.
The meeting also explored the establishment of professionally-structured investment funds for startups, aiming to attract international strategic partners and ensure long-term financial sustainability.
Discussions included collaboration with the IFC to support carbon credit initiatives, linking environmental commitments to social and economic impact, and expanding renewable energy certificate (I-REC) issuance and trading.
The minister further presented the ministry’s vision for a TradeTech Sandbox to integrate domestic and international trade data, support AI-driven market analysis, and increase exports.
Emphasising human capital as a core driver, he highlighted plans to strengthen staff capabilities, protect local knowledge, and enhance systematic investor engagement.
