Egypt’s financial policies key to driving economic growth – FinMin

Egypt’s Minister of Finance Ahmed Kouchouk affirmed on Tuesday that the country’s financial policies will play a crucial role in boosting the competitiveness of the Egyptian economy.

These policies align with the government’s objectives, focusing on enhancing productive capacities, expanding exports, and promoting inclusive and sustainable development.

During a meeting with Laziz Kudratov, the Minister of Investment, Industry, and Trade of Uzbekistan, on the sideline of the Asian Infrastructure Investment Bank’s annual meetings, Kouchouk highlighted the importance of sustainable dialogue with investors.

He highlighted the government’s efforts to create an attractive business environment for both local and foreign investment, focusing on results-oriented incentives aligned with international best practices.

Kouchouk aims to enhance investment, trade, and industrial ties between Egypt and Uzbekistan. He emphasised the importance of collaboration in environmental sustainability, renewable energy, and mutual investments.

Additionally, the minister aimed to boost trade and exports between the two countries and exchange experience in developing infrastructure, industrial zones, technology centers, and transport.

The Egyptian minister encouraged Uzbekistan’s business community to explore opportunities in Egypt’s Suez Canal Economic Zone and expand their presence in the Egyptian market.

Attribution: The Egyptian Cabinet statement

Subediting: M. S. Salama