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FM, Foreign Trade Minister Mull Ways of Attracting Investments

Cairo: Minister of Foreign Affairs, Emigration and Egyptian Expatriates Badr Abdelatty met with Minister of Investment and Foreign Trade Hassan el Khatib to coordinate efforts in enhancing Egypt's economic standing regionally and globally.

According to State Information Service Egypt, the talks focused on effective mechanisms to promote Egypt's economy and attract more foreign investments, particularly from the European Union, the United States, and other international partners.

Both ministers emphasized the importance of leveraging Egypt's political and diplomatic network to support the nation's efforts to secure high-quality, sustainable investments in priority sectors such as renewable energy, industry, transport, digital transformation, and advanced technology, in alignment with the development targets of Egypt Vision 2030.

They agreed to enhance institutional cooperation on external promotion through increased coordination between diplomatic missions and trade representation offices. This collaboration will target major markets and financial and investment institutions, emphasizing Egypt's success stories in improving its investment climate and developing infrastructure.

The meeting also addressed ways to strengthen Egypt's economic footprint in Africa by enabling Egyptian companies to expand into African markets. They plan to capitalize on their extensive experience in implementing development projects in infrastructure, agriculture, health, education, and pharmaceuticals, thus fostering regional economic integration and reinforcing Egypt's active presence across the continent.

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