OPEN// PM: Egypt offers gateway to Arab, African markets
CAIRO, May 28 (MENA) – Prime Minister Mostafa Madbouli said Egypt is seeing major international investment interest due to its stability, improved infrastructure, and investor-friendly legislation.
Madbouli added that this environment has led to growing commitments from global firms.
During a press briefing following the cabinet meeting, the PM noted that he had held discussions with US companies to invest in advanced technology, automotive, pharmaceuticals, food, and clean energy.
The Premier also confirmed ongoing cooperation with China and Russia in the Suez Canal Economic Zone and announced new talks with American firms to establish dedicated industrial zones.
Additionally, Madbouli described Egypt as a growing market and a direct route to Arab and African economies.
He cited President Abdel Fattah El Sisi's recent meetings with global companies as a clear sign of investor confidence.
A new deal with IBM was signed to train 100,000 youth over five years in AI and digital fields, part of a broader push to equip Egyptian workers for the global market.
Shell and ExxonMobil announced plans to expand operations in Egypt after successful economic reforms and promising exploration results. Madbouli stated that these decisions come even as both companies scale down projects elsewhere.
On dairy import concerns, he confirmed that existing halal and quality rules remain in place. Egypt continues importing meat from approved sources under strict inspection.
The PM also addressed requests from some countries to review tariffs, especially on US products, and added that all changes will be considered within Egypt's legal and trade frameworks. (MENA)
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