Friday 22 Nov
President Abdel Fattah El-Sisi met with Dr. Moustafa Madbouly, Prime Minister, and Engineer Hassan Al-Khatib, Minister of Investment and Foreign Trade on Sunday. The presidential spokesperson announced that the meeting discussed the strategic plan to boost the investment and trade sectors in line with Egypt's Vision 2030.
This strategy, developed through extensive consultations with various stakeholders in Egypt's investment and trade ecosystem, aims to significantly enhance both investment and export activities. Key objectives include attracting foreign direct investment as the plan outlines ambitious targets to draw major global investors to Egypt, particularly in the industrial sector, which is seen as the cornerstone of the nation's economic growth, as well as strengthening investor confidence which involves maintaining stable monetary and fiscal policies and fully implementing the State Ownership Policy Document, which aims to empower the private sector.
The
strategy also aims at improving the investment climate by creating a more
conducive business environment to attract both domestic and foreign
investments, and expanding export markets by collaborating with export councils
and joint business councils, thus Egypt would penetrate new international
markets for its products.
The presidential spokesperson announced that the President has directed the relevant authorities to provide the necessary infrastructure and incentives to boost investment rates. This aligns with Egypt's ongoing efforts to attract both domestic and foreign private sector investment. Recent growth in foreign direct investment and the increasing issuance of golden licenses to investors in key sectors like industry, green energy, transportation, technology, agriculture, and healthcare highlight the country's commitment to comprehensive development.
