Egypt, Goldman Sachs explore strategic partnership opportunities

Egypt’s Minister of Investment and Foreign Trade, Hassan El-Khatib met on Wednesday with a delegation from Goldman Sachs Jefferies to explore potential investment opportunities and discuss the country’s ongoing economic reforms. The meeting, held to strengthen strategic partnerships, also focused on enhancing trade policies and increasing transparency in Egypt’s business climate.

During the discussions, Minister El-Khatib highlighted recent government initiatives aimed at streamlining the process for exporters and importers, which he said would help bolster Egypt’s foreign trade. The minister emphasised that the Egyptian government is committed to creating a more attractive investment environment that will accelerate economic growth.

Minister El-Khatib noted that Egypt is becoming one of the most competitive markets in Africa, benefiting from its strategic location and robust infrastructure, which connects both regional and global markets. He also pointed out that the country offers exceptional advantages for investors, including a skilled workforce and easy access to international trade routes.

The meeting underscored the shared commitment to driving economic growth, empowering local businesses, and promoting sustainable development. Both parties agreed to develop a detailed cooperation framework, with clear timelines for the implementation of new initiatives.

Farouk Soussa, chief economist at Goldman Sachs, commended the recent economic reforms and the vast investment potential within the Egyptian market. He emphasised that Egypt’s competitive environment, along with its advanced infrastructure, presents exceptional opportunities for further collaboration with international investors.

Attribution: Amwal Al Ghad English