Washington:Minister of Investment and Foreign Trade Mohamed Farid held pivotal meetings on Thursday, November 12, 2026, with representatives of General Motors (GM) and Procter & Gamble (P&G) in Washington to discuss strategies for expanding investments and enhancing Egyptian exports.

According to State Information Service Egypt, these meetings were conducted on the sidelines of the B20 USA 2026 Business Summit. Farid met with GM's Director of Government Relations and Public Policy Tom Cargill and P&G's Senior Director and Associate General Counsel Omid Oskouei.

During the discussions with GM, Farid explored avenues for expanding local vehicle production, developing the automotive component industry, and attracting international suppliers. The talks also included plans for electric vehicle manufacturing and boosting exports of Egyptian-made vehicles.

In his meeting with P&G, Farid focused on strategies for expanding production within Egypt and increasing exports to Arab and African markets, leveraging Egypt's trade agreements. The minister reiterated the government's dedication to supporting international companies in Egypt and resolving challenges impacting their investment and export operations.