Egypt’s Ministry of Planning, Economic Development, and International Cooperation hosted a high-level consultative meeting on Tuesday to review a draft of the National Foreign Direct Investment (FDI) Strategy, developed in partnership with the World Bank. The initiative follows President Abdel Fattah Al-Sisi’s directives and seeks to strengthen Egypt’s foreign investment landscape.
The meeting involved representatives from 17 ministries and national entities, aiming to create a participatory approach to enhancing FDI, aligned with Egypt’s broader economic objectives of building a competitive investment climate.
Minister Rania Al-Mashat highlighted the government’s commitment to fostering foreign investment and private sector involvement. The strategy emphasises collaboration with the General Authority of Investment and Free Zones (GAFI) and the Supreme Council for Investment’s earlier mandates from May 2023.
The consultation was attended by key government and financial authorities, including representatives from Egypt’s Central Bank, Suez Canal Economic Zone (SCZone), and the Ministries of Finance, Tourism, and Industry. Ongoing workshops with stakeholders will gather further feedback to refine the strategy, ensuring it aligns with national priorities and global investment standards.
The FDI strategy is expected to be a cornerstone in driving both domestic and foreign investments, empowering Egypt’s private sector, and building a sustainable and resilient economy.
