Minister of Investment and Foreign Trade Mohamed Farid Saleh and Minister of Labour Hassan El-Raddad have agreed in a meeting on Wednesday to establish a specialized unit within the Ministry of Labour to resolve issues facing major investors.
The unit will provide direct and rapid responses to operational and procedural challenges encountered by large companies, in full coordination with the Ministry of Investment and Foreign Trade.
The move aims to create a clear institutional mechanism for managing large investor accounts, accelerating problem-solving and unifying communication channels to improve efficiency—particularly in areas related to labour, occupational health and safety, operational licensing, and investment approvals.
The agreement comes as part of the government’s broader strategy to enhance the investment climate and improve service quality by shifting from traditional problem-handling to a more proactive approach based on swift solutions.
The decision followed an expanded meeting with executives from LG operating in Egypt, where several operational challenges were discussed, including procedures for obtaining five-year residency permits for foreign executives. Company representatives called for shorter processing timelines.
The ministers proposed a two-pillar approach: establishing a single point of contact to streamline procedures and creating the specialized unit to ensure immediate intervention.
Both sides affirmed continued coordination to support investors, improve the business environment, and boost confidence in the Egyptian market.
