Egypt’s Minister of Investment and Foreign Trade, Mohamed Farid, affirmed on Saturday the government’s commitment to continuously improving the national investment environment.
He highlighted plans to upgrade the accuracy of foreign direct investment (FDI) data to enhance economic decision-making and investment promotion.
He also stressed the importance of adopting a proactive approach that directly targets international investors, aligning with Egypt’s economic priorities, competitive advantages, and key growth sectors.
Minister Farid made these remarks during an extensive meeting with a French diplomatic delegation, which included the French Ambassador to Egypt, Éric Chevallier; Pascal Furth, Economic Adviser and Head of the Economic Section at the French Embassy in Cairo; and Antoine Willenbücher, Head of the Infrastructure, Environment and Health Section.
The meeting formed part of ongoing efforts to strengthen bilateral co-operation and attract greater FDI.
During meeting, Farid emphasised the importance of deepening partnerships with the international business community, expanding investment in value-added productive and service sectors, and supporting the growth of existing companies in the Egyptian market as a primary driver for attracting new capital.
He further highlighted the need for a highly competitive investment climate and seamless institutional integration to accelerate project implementation.
For its part, the French delegation reaffirmed the depth of economic relations between the two nations, noting a growing interest from French companies viewing Egypt as a prime regional investment destination.
Ambassador Chevallier expressed his commitment to supporting the expansion of French firms already in Egypt and attracting new investments, particularly in industry, energy, and advanced services.
The talks also covered the modernisation of Egypt’s FDI data collection system to enhance tracking and accuracy, alongside a shift towards a more targeted investment model tailored to investor needs.
Both sides agreed to compile targeted lists of French companies and to strengthen the role of Egyptian commercial representation offices abroad in promoting specific investment opportunities.
