Minister of Investment and Foreign Trade Mohamed Farid received Joseph Mum Majak, Minister of Investment of South Sudan, on Wednesday in the presence of South Sudanese Ambassador to Egypt Kuol Nyok Kuol.
The two sides discussed ways to boost economic and investment co-operation between the two countries and explore opportunities in sectors of mutual interest.
Minister Farid reviewed recent developments in the investment climate in Egypt and examined mechanisms for co-operation in several strategic sectors, including agriculture, food industries, energy, and infrastructure.
Farid reaffirmed Egypt’s commitment to deepening economic co-operation with African nations, particularly South Sudan.
The minister highlighted the progress Egypt has achieved in improving its investment environment through streamlined procedures and updated legislative frameworks. He noted that the one-stop-shop model has become a cornerstone of delivering integrated services to investors, alongside the expansion of digital transformation across all stages of investment process.
Egypt welcomes the assessment of investment opportunities in South Sudan, especially in agro-industrial manufacturing, and the textile industry.
Farid also stressed Egypt’s openness to attracting serious investments, particularly in priority sectors, with active participation from the private sector to maximise the value of available resources.
He further underlined Egypt’s support for activating regional frameworks, foremost among them the African Continental Free Trade Area.
For his part, the South Sudanese minister praised Egypt’s successful experience in enhancing the investment climate, particularly the one-stop-shop system, and affirmed his country’s keenness to benefit from this model.
Majak noted that South Sudan offers promising investment opportunities in agriculture, food processing, and energy, in addition to significant natural resources. He also affirmed the commitment of the South Sudan government to improving the investment climate and providing a secure and attractive business environment through legislative reforms, stronger institutional frameworks, and closer co-operation with regional partners.
