Egypt’s FM, Investment Minister discuss strategies to boost trade, foreign investment

Egyptian Foreign Minister Badr Abdel-Aty met on Tuesday with Minister of Investment and Foreign Trade Hassan El-Khatib to discuss enhanced coordination between their ministries, reinforcing Egypt’s commitment to economic growth, trade expansion, and international partnerships.

Strengthening Egypt’s Global Investment Presence

Minister Abdel-Aty emphasised the importance of unified efforts to attract foreign direct investment (FDI), create jobs, and drive sustainable economic growth. He highlighted the role of Egyptian embassies and trade offices abroad in showcasing the country’s investment potential and strengthening its footprint in global markets.

He also detailed ongoing preparations for major international economic forums, including the Egyptian-American Economic Forum, Egyptian-European Economic Forum, and Egyptian-Gulf Investment Forum, which aim to boost trade ties and investment inflows.

Strategic Initiatives to Transform Trade and Investment

Minister El-Khatib praised the strong inter-ministerial collaboration and outlined key initiatives aimed at reshaping Egypt’s trade and investment landscape, including:

• Enhancing trade competitiveness to attract global investors.
• Developing a national FDI strategy to position Egypt as a top investment destination.
• Designing an investment map to highlight priority growth sectors.
• Launching an electronic trade portal to integrate Egypt into global markets.

Expanding Export Markets & Strengthening Trade Partnerships

Minister El-Khatib reaffirmed Egypt’s ambitious export strategy, targeting $145 billion in annual exports by expanding into Africa, Europe, Asia, and North America. He emphasised Egypt’s active role in the African Continental Free Trade Area (AfCFTA) and its efforts to strengthen ties with the European Union and other global trade partners.

To support these initiatives, Egypt is making significant investments in logistics infrastructure, positioning itself as a regional trade hub connecting Africa, Europe, and the Middle East.

Attribution: Amwal Al Ghad English

Subediting: Y.Yasser