Egypt to launch 10-Year national investment map in 3 months

Egypt plans to roll out a comprehensive 10-year national investment map within three months, featuring fully licensed projects and a global promotional campaign aimed at boosting foreign and domestic investments, the government said on Wednesday.

At a Cabinet meeting chaired by Prime Minister Moustafa Madbouly, Investment Minister Hassan El-Khatib unveiled the strategy to unify investment planning across sectors, complete structural reforms, and create a competitive, transparent investment environment.

Minister El-Khatib emphasized the need for stable policies, including sound monetary management, investor-friendly fiscal measures, and open trade policies to enhance exports and reduce the trade deficit.

The plan includes clear frameworks for energy supply and efficient management of investment lands, combined with digital transformation and business readiness reforms.

Each ministry will prepare detailed files of priority projects in sectors such as renewable energy, tourism, healthcare, industry, IT, agriculture, education, and water resources, all with required approvals and licenses. These will be promoted globally to attract direct investment.

Key Sectoral Investment Opportunities

Key targets include adding 30 MW of renewable energy capacity, expanding hotel rooms by 120,000 units, increasing hospital beds by 140,000 within the health insurance system, and attracting $100 billion in renewable energy investments.

• In tourism, efforts focus on doubling hotel room capacity with 120,000 new rooms across governorates ranging from 3 to 5 stars.
• The health sector aims to add around 140,000 new hospital beds within the health insurance system, attracting $30 to $40 billion in investments.
• In industry, priority sectors will target 10 global companies within two years with investments between $1 and $3 billion each, supported by incentives, aiming to attract $50 to $100 billion overall.
• The IT sector seeks investments in data centers, electronics, semiconductors, and software development, while water desalination projects aim for $10 to $30 billion in investment.

Prime Minister Madbouly stressed the importance of converting these opportunities into foreign direct investment critical for Egypt’s economic growth. The government is also enhancing the investment map with digital tools, artificial intelligence, and coordination between government entities.

Promotion will be conducted through Egypt’s commercial offices and diplomatic missions to raise awareness of the country’s investment prospects.

The Cabinet noted progress in expanding the investment map to include over 1,000 projects from 64 government bodies and 73 from the private sector, coordinated by a new administration under the General Authority for Investment (GAFI).

Attribution: Amwal Al Ghad English

Subediting: Y.Yasser