Cairo:Minister of Foreign Affairs, International Cooperation and Egyptian Expatriates Badr Abdelatty met with Minister of Investment and Foreign Trade Mohamed Farid to discuss enhancing collaboration between their ministries to attract foreign investment and boost foreign trade. The meeting focused on supporting the expansion of Egyptian companies into international markets, aligning with Egypt's economic development goals and Vision 2030.

According to State Information Service Egypt, Abdelatty emphasized the importance of institutional coordination and the use of the Foreign Ministry's international relations to support investment and trade priorities. This includes opening new cooperation avenues with international partners, which is crucial for attracting investments and expanding Egyptian exports in foreign markets.

Abdelatty highlighted the significance of supporting Egyptian businesses aiming to expand into African markets by leveraging Egypt's strong connections across the continent. This strategy is intended to overcome business obstacles and establish effective communication with relevant authorities. He also pointed out the need to identify priority projects and sectors to engage more effectively with international partners, utilizing available financial and technical resources.

The discussion also covered the development of industrial zones, infrastructure, and logistics services to enhance Egypt's economic competitiveness. Abdelatty called for building on the successes of Egyptian companies in African markets and expanding their activities in development and infrastructure projects across the continent.

Farid noted the private sector's role as a critical partner in promoting investment and foreign trade. He stressed the importance of supporting the achievements of Egyptian companies in African and international markets. The Ministry of Investment and Foreign Trade aims to integrate efforts with state institutions and international partners, using trade agreements to facilitate Egyptian exports to African markets and focus on sectors with competitive advantages, thereby creating new investment and trade opportunities.