OPEN// FM, foreign trade minister mull ways of attracting investments

Middle East

18 hours ago

CAIRO, Aug 14 (MENA) - Minister of Foreign Affairs, Emigration and Egyptian Expatriates Badr Abdelatty met Thursday with Minister of Investment and Foreign Trade Hassan el Khatib to coordinate efforts in enhancing Egypt's economic standing regionally and globally.
The talks focused on effective mechanisms to promote Egypt's economy and attract more foreign investments, particularly from the European Union, the United States, and other international partners.
Both ministers stressed the importance of leveraging Egypt's extensive political and diplomatic network to support the state's drive to secure high-quality, sustainable investments in priority sectors such as renewable energy, industry, transport, digital transformation, and advanced technology, in line with Egypt Vision 2030 development targets.
They agreed to step up institutional cooperation on external promotion through coordination between diplomatic missions and trade representation offices, targeting major markets and financial and investment institutions, and highlighting Egypt's success stories in improving the investment climate and developing infrastructure.
The meeting also addressed ways to strengthen Egypt's economic footprint in Africa by enabling Egyptian companies to expand into African markets, capitalizing on their extensive experience in implementing development projects in infrastructure, agriculture, health, education, and pharmaceuticals, thus fostering regional economic integration and reinforcing Egypt's active presence across the continent. (MENA)
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