Saturday 21 Dec
Engineer Hassan El-Khatib, Minister of Investment and Foreign Trade, outlined the ministry's vision and strategy to the House of Representatives. He emphasized the importance of integrating investment and foreign trade to drive sustainable economic growth and enhance Egypt's global competitiveness, following the merger of the two portfolios.
Speaking before the House of Representatives, El-Khatib, highlighted the strategic significance of merging investment and foreign trade portfolios. He emphasized that this integration will be crucial for achieving sustainable economic development and enhancing Egypt's competitiveness in the global market.
The session was chaired by Dr.
Hanafi ElGebaly, Speaker of the House of Representatives, in the presence of
the Deputy Speakers, heads of parliamentary bodies, committee chairmen, and
members of parliament.
El-Khatib said that the
ministry's strategy aims to create a more competitive and attractive investment
climate for both domestic and foreign investments, based on transparency and
clarity, providing a supportive institutional and legislative environment,
improving the business environment, simplifying procedures, and removing
obstacles facing investors, while enhancing the role of the private sector as a
key partner in development.
The Minister added that the
ministry seeks to encourage Egyptian exports and increase their global
competitiveness by improving trade policies, adopting effective mechanisms for
developing foreign trade, and encouraging national industries with added value.
He pointed out that in light of the rapid developments witnessed by the world, especially over the past decade, including geopolitical and economic events, many challenges have emerged that affect the competitiveness of the Egyptian economy and its ability to attract investments, noting that the vision of the Ministry of Investment and Foreign Trade came to enhance Egypt's position as a regional and international center for investment and trade.
