Egypt's Investment, Foreign Trade Ministry to drive economic transformation

Prime Minister, Mostafa Madbouly, underscored the pivotal role of the Ministry of Investment and Foreign Trade in Egypt's efforts to attract direct foreign investments and bolster the private sector. 

 

The objective is to fully leverage Egypt's capabilities across various industries, as outlined in the state ownership policy document.

 

During a meeting with Minister of Investment and Foreign Trade, Hassan El Khatib, the Prime Minister emphasized the significance of integrating the foreign trade portfolio within the Ministry of Investment. 

 

This alignment aims to facilitate the exploration of new export markets and the attraction of increased foreign investments, which are key objectives for the ministry.

 

Madbouly stressed the importance of collaborating with export councils and joint business councils to achieve the state's goals in this sector. 

In the meeting, Minister El Khatib outlined the ministry's vision and role for the upcoming phase. He recognized the critical interconnection between investment and foreign trade, and the need for substantial advancements in both domains.

 

El Khatib highlighted the stability of monetary and financial policies, the state's commitment to implementing the state ownership policy document, and the pursuit of specific targets to be achieved.

 

 This approach underscores Egypt's determination to fully capitalize on its capabilities and drive economic progress through strategic investments and trade initiatives.