CAIRO – 22 February 2024: Egypt’s National Dialogue lauded the Egyptian Cabinet approval of the largest direct investment deal through a partnership with major entities, announced Thursday.
The National Dialogue Board of Trustees confirmed that such measures would contribute significantly and effectively to the Egyptian economy through providing foreign exchange that increases the state’s resources, along with hundreds of thousands of job opportunities.
In its statement, The National Dialogue announced supporting all decisions that will gain the confidence of investors, and any other decisions that will benefit the public interest of the Egyptian state and will reflect on the Egyptian citizen and his standard of living, and will reduce the burdens at the present time.
The Egyptian Cabinet announced Thursday the approval of the largest direct investment deal through a partnership with major entities.
This comes in the context of the current state efforts to attract foreign direct investment (FDI) and increase the country's foreign exchange resources, according to the cabinet’s statement.
Prime Minister, Mostafa Madbouly, stated that this major investment deal, conducted in partnership with major entities, achieves the state's development objectives outlined in the National Strategic Urban Development Plan.
He noted that this deal marks the beginning of several investment agreements the government is currently working on to increase the country's foreign currency resources.
The Prime Minister explained that the complete details of this deal will be announced, along with the signing of the relevant agreements.
He emphasized that the government's success in attracting massive foreign investments confirms the confidence of major investment entities in the Egyptian economy and its ability to overcome challenges.
The projects resulting from this deal will provide hundreds of thousands of job opportunities, contributing to economic recovery, according to Madbouly.
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