Cairo: Minister of Investment and Foreign Trade Mohamed Farid emphasized the state's commitment to enhancing the investment environment and improving the business climate. He pointed out that this strategy is designed to attract more local and foreign investments, support private sector growth, and boost its competitiveness and expansion capacity.

According to State Information Service Egypt, Farid underscored that Egypt holds competitive advantages that qualify it to become a regional hub for investment and trade. His comments were made during a meeting with officials from Development Partners International and Egypt Ventures, where they discussed opportunities for expansion and new investments in the Egyptian market. The meeting included officials from the Ministry of Investment and the Sovereign Fund of Egypt.

The minister stated the government's dedication to improving the business environment and simplifying procedures for investors. He highlighted that strengthening co-financing mechanisms is crucial for increasing investment volumes, reducing risks, and efficiently funding a larger number of companies and investment opportunities.

Farid added that the state aims to support the expansion of existing companies and attract new investments that contribute to sustainable economic development. The goal is to maximize the benefits of current investments and restructure them to enhance operational efficiency and growth potential.

The meeting also reviewed DPI's expansion plans in Egypt and discussed overcoming procedural obstacles and developing regulatory frameworks according to international standards. Talks included transforming Egypt into a regional hub for investment funds supporting startups, drawing on successful international models.

Farid emphasized the ministry's commitment to strengthening coordination with relevant bodies, particularly the General Authority for Investment and Free Zones, to facilitate procedures and accelerate investment operations.