Cairo: Egypt’s Prime Minister, Dr. Mostafa Madbouli, met with the Minister of Investment and Foreign Trade, Eng. Hassan Al-Khatib, to discuss several important economic initiatives aimed at boosting investment and fostering economic growth. The meeting, which was also attended by Dr. Amani Al-Wasal, Head of the Export Development Fund, centered on strengthening the country’s investment climate and enhancing collaboration between the public and private sectors.
According to State Information Service Egypt, Dr. Madbouli emphasized the government’s commitment to creating a favorable environment for both local and foreign investments. He highlighted the importance of implementing new monetary and tax policies to attract capital and drive economic development, noting that these efforts are part of a broader strategy to provide the private sector with greater opportunities to contribute to national growth.
During the meeting, Minister Al-Khatib provided updates on the Egypt Sovereign Fund, including its efforts t
o optimize state-owned assets such as Misr Insurance and ongoing real estate and infrastructure projects. He highlighted the Fund’s work in restructuring and maximizing the value of state-owned companies and its involvement in key sectors like industry, healthcare, and digital transformation.
The Minister also outlined the Ministry’s vision for the automotive market in 2025, aiming to regulate the sector by ensuring compliance with safety standards, promoting fair competition, and providing consumers with affordable, high-quality services.
In addition, Eng. Al-Khatib discussed several ongoing projects, including seawater desalination plants, the development of green hydrogen, and the expansion of Egypt’s medical infrastructure. He also provided an update on the transfer of key assets to the Sovereign Fund, including the Tahrir Complex and other notable real estate properties, with plans for sustainable development to enhance their value.
The discussions reflect the government’s strategic focus on attractin
g investment, fostering economic growth, and modernizing key sectors to drive Egypt’s future development.