Investment in Egypt - file
CAIRO - 2 April 2024: In recent years, Egypt has witnessed a boom in development and reconstruction, and, in addition to the state of security and political stability.
Egypt aims to possess advanced modern infrastructure and promising economic regions, making it an attractive country for investments and capable of efficient and sustainable growth.
The state has worked to develop infrastructure in all its diversities, and figures issued by local and international institutions show the volume of investments in developing high-quality infrastructure and developing the transportation and communications sectors in Egypt.
This has had a positive impact on attracting investments and making Egypt the first destination for foreign investment in Africa, in addition to strengthening international partnerships, concluding concessional development financing agreements worth $38.8 billion within 4 years.
International institutions praised Egypt’s achievements, as it advanced 64 places in the Land and Marine Infrastructure Development Index issued by the World Economic Forum; 7 places in the Soft Power Index issued by the Brand Finance; 6 places in the Infrastructure and Market Access Index issued by the Legatum Institute, which measures the quality of the infrastructure that enhances trade, and 6 places in the Sustainable Development Goals Index.
In the below lines, et highlights positive testimonials from partners on Egypt's developmental potentials:
Christian Berger, Head of the European Union Delegation to Egypt
Supporting the private sector is one of the main areas of our cooperation with Egypt. The Federation believes that small and medium-sized companies are the backbone of the Egyptian economy, so they are a high priority for us.
We are also keen to finance female entrepreneurs and young people so that they are able to start their businesses.
Sergio Pimenta, Vice President of the International Finance Corporation in Egypt
Egypt is the bank’s first country of operations outside the European Union, and this is reflected in many development partnerships implemented in the governmental and private sectors. The bank seeks to expand its operations, enhance joint efforts for the green transformation, and contribute to implementing the goals of green hydrogen generation.
Matsunaga Hideki, Regional Director of the Japan International Cooperation Agency (JICA)
Egypt demonstrates an approach that brings together various development partners. Japan has been working with it for decades to support development in small projects, transportation, and energy. We have begun to expand cooperation with the private sector, and Egypt plays a pivotal role in the region and we are working to support it.
Nadia Calvino, President of the European Investment Bank
Egypt is a major partner of the Bank, and we work to support the country’s direction towards sustainable development goals, including pioneering investment in energy within the “Novi” program.
Jose Leandro, European Union country official
Egypt is an important strategic country of operations for the European Bank and the European Union, and the recent visit of the Bank delegation to the Suez Canal region demonstrated the extent of development achieved to stimulate investment, and the reforms that Egypt is undertaking to provide many opportunities for growth and beyond the current stage.
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