Egypt’s Minister of Investment and Foreign Trade Mohamed Farid has reaffirmed the state’s commitment to further strengthening Egypt’s investment climate and advancing the business environment in a manner that attracts greater volumes of local and foreign investment, supports private sector growth, and enhances competitiveness and expansion.
He stressed that Egypt possesses strong competitive advantages that position it as a potential regional hub for investment and trade, noting that the government continues its efforts to streamline procedures, improve the regulatory framework, and facilitate investor operations in line with international best practices, thereby reinforcing confidence in the Egyptian market.
These remarks came during a meeting had on Sunday with Regional Partner and Head of Direct Investments at Development Partners International (DPI) Ziad Abaza and General Manager of DPI Egypt Ismail Talaat.
The meeting reviewed prospects for expanding DPI’s investments in Egypt and explored mechanisms to enhance joint co-operation and increase investment flows into the local market, particularly in sectors with strong growth potential.
Discussions also covered opportunities for collaboration with state entities to support investment development frameworks, the ministry said in a statement.
It added that Minister Farid highlighted that Egypt offers diverse investment opportunities across key sectors capable of attracting capital, adding that ongoing reforms aim to improve the business environment and facilitate investor procedures.
He emphasised that these efforts contribute to strengthening economic competitiveness and supporting higher growth and employment rates.
He further noted the importance of developing joint financing mechanisms among investment institutions to increase investment volumes and reduce risk exposure, enabling more efficient financing for companies and projects.
He also underlined the need to support the expansion of existing enterprises while attracting new investments that contribute to sustainable economic development and improved operational efficiency.
The meeting also reviewed DPI’s expansion plans in Egypt and discussed measures to address procedural challenges, alongside the development of regulatory and legislative frameworks in accordance with international standards to ensure accurate recording of foreign direct investment flows.
Both sides also discussed enhancing co-operation with the Sovereign Fund of Egypt and exploring opportunities to position Egypt as a regional hub for investment funds supporting start-ups.
In addition, discussions addressed improving investment monitoring systems to enhance data accuracy and support informed decision-making.
For their part, DPI representatives reaffirmed the company’s commitment to expanding its investments in Egypt, citing strong growth potential and promising opportunities across multiple sectors, while emphasising continued co-operation with the government to explore new avenues for investment and development.
