Ministry of Investment and Foreign Trade
He reaffirmed the government’s dedication to addressing these issues and finding solutions through the economic group.
The minister highlighted Egypt's economic reforms and the government's commitment to improving the business climate and facilitating foreign trade.
The reorganization comes after Minister of Planning, Economic Development, and International Cooperation Rania Al-Mashat's call on October 3 to position the fund under the cabinet.
The investment minister held an extensive meeting with representatives of global car manufacturers, agents, and distributors to bolster Egypt's automotive industry on Tuesday.
Minister of Investment and Foreign Trade, Hassan El-Khatib, praised Egypt’s recent efforts to attract foreign investments, highlighting the country’s focus on Japanese investments and the vital role of UNDP programs in sustainable development and capacity building.
The minister led a comprehensive meeting to discuss the customs release process and the inspection of imported goods with representatives from various ministries and relevant authorities.
With French investments in Egypt totaling €7 billion across 180 projects, France is recognized as one of Egypt's largest investors, explained El Khatib. contributing to approximately 50,000 jobs in various sectors, including manufacturing and telecommunications
El-Khatib emphasized that this new vision is designed to enhance confidence among both local and foreign investors.
He reaffirmed the Egyptian government’s commitment to tackling the remaining 25 percent of issues to enhance the investment climate further.
A key condition is that exporters must deposit their export proceeds into local banks, which will manage their foreign currency needs
Their goal is to expand the range of products offered to cater to Egypt's unbanked and underserved populations.
Egypt’s food industry is a significant player in the economy, accounting for 14 percent of the country’s total exports, explained Minister of Investment and Foreign Trade Hassan El Khatib on Monday.
El-Khatib further highlighted that British investments in various sectors, including petroleum, financial services, communications, and industry, had amassed to $21.5 billion by June 2024.
The CEO of Saint-Gobain emphasized the company's commitment to being a significant partner in Egypt's ambition to achieve $145 billion in annual exports.
The investment minister also disclosed that they anticipate a growth rate of 5.5 percent in the coming FY, with projections at 6.5 percent by 2030
This initiative was announced by Minister of Investment and Foreign Trade, Hassan El-Khatib, during discussions with the company's delegation.
El-Khatib underscored Egypt's keen interest in strengthening its alliance with Saudi Arabia across diverse economic sectors.
El-Khatib underscored Egypt's keen interest in strengthening its alliance with Saudi Arabia across diverse economic sectors.
The Alexandria Free Zone hosts 417 projects, making it Egypt's largest and most export-orientated free zone
Minister of Investment and Foreign Trade, Hassan El-Khatib, held a meeting with the members of the council where they discussed various matters.
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