investment
The agreements include a $230 million concessional development loan, equivalent to 35 billion Japanese yen, aimed at supporting Egypt’s budget and advancing critical structural reforms. Additionally, grants worth $4.3 million will be used to renovate the Cairo Opera House and expand agricultural mechanization, boosting public services and enhancing the livelihoods of small-scale farmers.
He proposed organizing an investment forum to explore opportunities in key sectors and attract more US investments
The minister stressed the importance of the reflection of the strategic partnership agreement signed in March on political, economic, and trade relations.
Speaking on the sidelines of the event, Egypt’s Minister of Investment and Foreign Trade, Hassan El-Khatib, stressed the importance of industrialization in addressing Africa’s low levels of intra-continental trade, which fall short of global averages
A key highlight of the trip was the declaration of a strategic partnership with Denmark, paving the way for increased collaboration in sectors like renewable energy, trade, and technology. Madbouly noted that these agreements open new avenues for cooperation and support Egypt’s economic diversification goals.
Egyptian firms also want to seize investment opportunities in the sectors of transportation and constructions.
The facility, covering an area of 2 million square meters in the west of Damietta Port, will serve as a regional hub for ship recycling and meet international standards.
Al-Mashat described the EU as a “strategic partner” for Egypt, emphasizing their joint efforts in areas like food security, renewable energy, and digital transformation
He emphasized plans to expand public-private partnership projects in the near future.
He pointed out that the Egyptian market offers significant opportunities, particularly considering the substantial investments made in infrastructure over recent years. These investments have created a more favourable business environment. El-Khatib emphasized the ministry’s efforts to improve Egypt’s global competitiveness and its aim to position the country among the top 50 nations in international trade indices soon.
This announcement comes as part of the Egyptian government’s plan to offer stakes in more 32 state-owned companies. The plan includes state-owned companies and targets raising $6.5 billion by the end of 2024.
This follows a meeting between ENKA’s Chairman, Mohammed Tara, and Egypt's Minister of Investment and Foreign Trade. Hassan El-Khateeb.
The GAFI statement noted that the strategy adopted the World Bank mechanism in classifying sectors into two categories.
This investment is part of Egypt’s broader development strategy under the “NWFE” program, which is aimed at supporting sustainable growth and accelerating the country’s transition to a green economy
It won the "Contribution to Sustainability & Local Linkages" award.
During an economic summit in Düsseldorf, officials from both countries announced an ambitious goal to boost trade to €9 billion by the end of 2024, a €2 billion increase from the current level of €7 billion.
Talks centered on enhancing economic ties between Egypt and Saudi Arabia, exploring joint investment projects, and evaluating the positive impact of their bilateral investment agreement.
Imports from Jordan also experienced a notable increase, reaching $182 million in the first nine months of 2024
Egypt presented specific projects in New Alamein and Greater Cairo, highlighting their strategic locations and access to energy resources.
President El-Sisi welcomed the attendees and emphasized Egypt's commitment to enhancing the industrial sector.
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