investment
Deputy Minister Hefny noted the multiplication of trade exchange figures over the past three years between Egypt and Ghana, and commended the entry of Ghanaian firms to the Egyptian market.
Minister of Foreign Affairs and Immigration Badr Abdelatty met Monday Omani Minister of Commerce, Industry and Investment Promotion Qais al-Youssef.
The meeting reviewed the developments of the company's project to manufacture and maintain mobile units and related components using the latest technologies and international specifications in a manner that serves the state's goals of localizing strategic industries.
CEO of MSMEDA, Bassel Rahmy, shared the agency's ambitious plans for 2025, including a proposal to double the funding for MSMEs
This growth highlights Egypt's growing attractiveness to international investors. The country drew in $46.1 billion in FDI, a dramatic leap from just $4.2 billion in FY2013/2014, marking nearly an 11-fold increase
Minister of Foreign Affairs Badr Abdel Aaty received Ali Ehsasi, Chairman of the Foreign Affairs and International Development Committee in the Canadian House of Commons, on Sunday to discuss ways to enhance bilateral relations.
Egyptian President Abdel Fattah El-Sisi emphasized the critical need for intensified efforts in industry and agriculture, identifying these sectors as essential for economic diversification
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.
