Nairobi: Prime Minister Mostafa Madbouly Prime Minister Mostafa Madbouly reviewed on Tuesday, May 12, 2026, with Investment and Foreign Trade Minister Mohamed Farid the investment zones system as one of the key mechanisms for attracting and stimulating local and foreign investments.

According to State Information Service Egypt, during the meeting, the minister outlined the competitive advantages of investment zones, including streamlined licensing procedures through executive offices affiliated with the General Authority for Investment and Free Zones. These measures are designed to support partnerships with the private sector in development, operation, and management.

Farid also highlighted the pilot operation of the electronic platform for investment zones, which aims to accelerate digital transformation and provide unified digital services for investors. This initiative is expected to enhance the business environment and attract more investments.

He noted that Egypt currently has 12 operational investment zones across six governorates, hosting 1,277 projects with investments worth EGP66.3 billion and providing around 77,500 jobs. Additionally, seven more investment zones are under construction in three governorates, targeting investments worth EGP4.11 trillion over 20 years and expected to create nearly 1.2 million job opportunities.

Farid also briefed the premier on the outcomes of the Egyptian-Belarusian joint committee meetings, noting Belarus’ interest in expanding cooperation with Egypt in sectors such as machinery, heavy equipment, vehicles, food industries, and pharmaceuticals. He added that Belarus is keen to leverage Egypt as a regional hub for assembling and manufacturing tractors, equipment, and industrial products for Arab and African markets.