Egypt strives to attract further foreign direct investments, Sisi tells Spanish companies

CAIRO – 20 February 2025: President Abdel Fattah Sisi emphasized Egypt’s ongoing efforts to attract more foreign direct investment, particularly from Spain, as he attended a meeting with representatives of Spanish companies on Wednesday in Madrid.

He underscored Egypt's strategic geographical location and significant advancements in infrastructure over the past decade, which include improvements in roads, railways, ports, and airports.

Sisi noted that Egypt's abundant natural resources and a qualified, youthful workforce further enhance its appeal as a promising destination for foreign investment.

He highlighted the various incentives the Egyptian government offers to investors and the diverse investment opportunities available in the country.

Additionally, Sisi pointed out the legislative reforms implemented by the government to improve the business environment in Egypt.

 

He described the Egyptian market as the largest in the region and a gateway to both Arab and African markets, especially with the relevant free trade agreements designed to promote exports and facilitate trade movement.

Sisi urged the Spanish companies to benefit from the multiple investment opportunities available in the Suez Canal Economic Zone, especially in the fields of renewable and green energy, mainly green hydrogen production.

He added that Egypt looks forward to the establishment of a strategic partnership with the Spanish side to meet the European Union's green hydrogen needs.

Additionally, he invited Spanish companies to explore investment opportunities in the fields of automotive manufacturing, pharmaceutical industries, logistics, among others.

The president called on the Spanish investors to support Egypt’s efforts to localize industries and increase the local component in various industrial fields as a matter of “top priority” for Egypt.