Cairo: Minister of Investment and Foreign Trade Hassan Al-Khatib participated on Monday in a discussion session organised by the Egyptian Private Equity and Venture Capital Association, attended by Dr. Rania Al-Mashat, Minister of Planning, Economic Development, and International Cooperation, Mr. Ahmed Kojak, Minister of Finance, Mr. Ayman Suleiman, President of the Egyptian Private Equity and Venture Capital Association, along with a number of Egyptian businessmen. The minister reviewed the state’s efforts aimed at facilitating the investment environment and enhancing foreign trade movement.
According to State Information Service Egypt, the minister confirmed that the state aims to attract more foreign direct investments, focusing on improving the business environment and simplifying procedures, thus enhancing Egypt’s competitiveness as a primary destination for investment and trade in the region. He clarified that the ministry is committed to providing sustainable investment opportunities that support economic growth.
Al-Khatib pointed out that Egypt possesses advanced infrastructure, new cities, a wide consumer market, and qualified labour, in addition to its strategic geographical location that facilitates access to markets in the Middle East, Europe, Africa, and Asia. He emphasised that the Egyptian market has attractive investment components, as reflected in the increasing interest from new companies that have already begun investing in Egypt, benefiting from growth opportunities and diverse investment incentives.
The minister explained that the Egyptian market enjoys several competitive advantages, including the availability of renewable energy sources, Egypt’s connection to free trade agreements with more than 70 countries, in addition to distinguished investment incentives that enhance the investment climate.
Al-Khatib stressed that the ministry is currently working to create a flexible and stable economic environment and to establish an investment climate characterised by transparency and competitiveness, noting the state’s direction towards empowering the private sector as the main driver of economic growth.
The minister added that the state supports the localisation of domestic industry by protecting national products from harmful trade practices, indicating that the state is working to grant the private sector a central role in driving the economy, while continuing its regulatory role to ensure a fair and transparent investment environment.
The discussion session addressed government efforts to review legislation related to improving the investment environment and simplifying procedures, within the framework of enhancing Egypt’s attractiveness for local and foreign investments.