Davos ’25: Egypt pledges to support investments

Egypt’s Minister of Investment and Foreign Trade, Hassan El-Khatib, stressed the government’s commitment to supporting local and foreign investments to create jobs and drive economic growth, as per a Cabinet statement.

He made these remarks during a meeting with Khalid Al-Mudaifer, Saudi Arabia’s Vice Minister for Mining Affairs and Non-Executive Director of Ma’aden company, on the sidelines of the World Economic Forum (WEF) 2025 in Davos, Switzerland.

El-Khatib highlighted the significant improvements in Egypt’s investment climate, attributing them to economic reforms and infrastructure development, such as road networks, energy projects, and the establishment of new cities.

He noted that these efforts have enhanced the business environment, positioned Egypt as an attractive destination for investment, and strengthened the country’s competitiveness in attracting local and foreign investors.

The minister highlighted the mining sector as a key area for investment due to Egypt’s abundant mineral resources. It is a priority in the government’s plans to diversify the economy and boost non-traditional sectors’ contribution to the GDP.

The meeting also discussed Egypt’s investment opportunities and the government’s measures to facilitate investment, including fiscal, monetary, and trade policies aimed at attracting more investments and boosting foreign trade.

Meanwhile, Al-Mudaifer highlighted Ma’aden’s operations, which include 17 mines and mining sites, 6,000 direct jobs, and exports to 30 countries. He outlined the company’s growth plans in areas such as phosphate, aluminium, gold, copper, and new minerals.

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