CAIRO – Minister of Planning, Economic Development, and International Cooperation Rania el Mashat and Minister of Investment and Foreign Trade Hassan el Khatib have met with officials from the World Bank to review Egypt’s National Strategy for Foreign Direct Investment and the National Narrative for Economic Development, which aims to shift Egypt’s economic model toward production and higher-value-added sectors.
The World Bank officials reviewed the final draft of the National Strategy for Foreign Direct Investment, outlining priority sectors, implementation mechanisms, and global trends in foreign investments.
Mashat said the strategy supports Egypt’s efforts to diversify growth sources, move to more productive sectors, and improve governance of public investments while creating more space for the private sector.
She emphasized that the strategy follows directives from the Supreme Council for Investment and strengthens efforts to attract foreign investments.
Minister of Investment and Foreign Trade Hassan el Khatib stated that the next stage will focus on implementing the strategy by targeting sectors where Egypt has clear competitive strengths, with the goal of boosting economic growth, creating good jobs, and expanding local value chains.
He emphasized the importance of aligning the FDI strategy with trade policy to enhance export-oriented production.
He also pointed out ongoing reforms to help Egypt be included in the World Bank’s upcoming Business Ready report, including legislative improvements, digitalization, greater data transparency, and reducing time and costs for investors.
