Egypt showcases investment potential at WEF

Egypt’s Minister of Investment and Foreign Trade Hassan El-Khatib on Tuesday highlighted the country’s position as a stable and attractive investment destination and engaging with global private sector leaders during the World Economic Forum (WEF) in China.

Al-Khatib highlighted the forum’s significance during a challenging time for the global economy, emphasising its role as the largest international gathering of private sector companies and investors.

The minister highlighted the increasing cooperation with the WEF, emphasising the government’s intention to utilise this partnership to support economic and structural reforms in Egypt.

Over the past decade, Egypt has made substantial progress in infrastructure development, including the establishment of new cities, road networks, ports, and airports, as well as major energy projects. These developments have helped create a more competitive and attractive environment for both local and foreign investors.

He stressed that macroeconomic clarity and policy stability are key pillars of the government’s investment vision. Egypt is currently implementing a broad package of fiscal, monetary, and trade reforms to streamline investment procedures and facilitate international trade.

El-Khatib also highlighted Egypt’s strategic advantages, including its unique geographic location connecting three continents, free trade agreements with over 70 countries, modern infrastructure, and a skilled young workforce of more than 31 million.

Attribution: Amwal Al Ghad English
Subediting: M. S. Salama