- Ministers of Investment and Labour Agree to Enhance Communication Framework with Major Companies During Meeting with LG Leadership
- For the first time, a dedicated unit will operate as a mechanism to expedite the resolution of any labour-related issues and to fast-track approvals related to occupational health and safety.
- Enhancing the competitiveness of the investment climate and improving the business environment to support the state’s efforts to attract more investments and stimulate expansion-oriented investments.
Dr. Mohamed Farid Saleh – Minister of Investment and Foreign Trade
- Launch of periodic meetings with major companies to directly and swiftly address investors’ challenges
- Streamlining procedures is a priority to ensure production continuity and enhance corporate competitiveness
- The government is adopting a new approach in managing relations with the business community
Mr. Hassan El-Raddad – Minister of Labour
- Full support for initiatives aimed at improving the investment environment and enhancing efficiency in addressing operational challenges within companies
- Strengthening social dialogue, vocational training, and rapid-response mechanisms to ensure workplace stability and production continuity
- The Ministry is working with domestic and international partners to update training programs and qualify skilled technical personnel
Dr. Mohamed Farid Saleh, Minister of Investment and Foreign Trade, and Mr. Hassan Raddad, Minister of Labour, agreed to establish a specialized unit within the Ministry of Labour dedicated to resolving challenges facing major investors. The unit will be tasked with addressing operational and procedural issues in a direct and expedited manner, in full coordination with the Ministry of Investment and Foreign Trade.
This initiative aims to institutionalize a clear mechanism for managing relations with major investors. The unit will focus on accelerating responses to operational challenges and unifying communication channels, thereby improving efficiency—particularly in areas related to labour, occupational health and safety, operational licensing, and investment-related approvals.
This agreement comes within the framework of the state’s vision to enhance the investment environment and improve the quality of services provided to investors, shifting from traditional reactive approaches to a more professional model based on continuous engagement, rapid solutions, and institutional coordination among relevant authorities.
The agreement was reached on the sidelines of an expanded meeting with leadership representatives of LG operating in the Egyptian market, during which several operational challenges facing the company were reviewed. Among the key issues discussed were procedures related to obtaining five-year residency permits for foreign executive leadership, with company representatives highlighting the need for a clearly defined and shortened issuance timeframe.
The meeting also addressed challenges related to handling labour issues within production sites. Participants emphasized the importance of developing effective mechanisms for managing dialogue among stakeholders in the production process, ensuring balanced representation of both management and workers, while enhancing the ability of relevant authorities to intervene promptly in cases of tension or irregular disruptions in production lines—without negatively affecting companies’ export commitments.
In this context, Dr. Mohamed Farid Saleh proposed an integrated framework for improving engagement with major investors, based on two main pillars. The first involves establishing a unified contact point to ensure procedural clarity and accelerate decision-making.
The second pillar focuses on the creation of a specialized unit within the Ministry of Labour responsible for immediate intervention in operational challenges, in coordination with the Ministry of Investment, thereby achieving institutional integration and ensuring timely resolution of issues.
The Minister of Investment added that the government is adopting a new approach to managing relations with the business community, based on holding regular meetings with companies—particularly large enterprises—to directly identify operational and procedural challenges and implement practical solutions in a structured and timely manner, away from traditional bureaucratic complexities.
For his part, Mr. Hassan Raddad, Minister of Labour, expressed full support for this direction, emphasizing that the Ministry views the development of the work environment as an integral component of investment support, rather than merely a regulatory framework governing labour relations.
He highlighted the Ministry’s focus on strengthening social dialogue among stakeholders in the production process and developing rapid intervention mechanisms within workplaces to ensure a balance between protecting workers’ rights and maintaining continuity of production activities.
The Minister further noted that the establishment of the specialized unit for resolving major investors’ challenges will be studied and implemented immediately, in coordination with the Ministry of Investment, ensuring a clear and efficient institutional channel for addressing challenges and enhancing the state’s ability to contain issues before they escalate.
He also outlined the Ministry’s plan to develop the vocational training system, noting ongoing collaboration with domestic and international partners to modernize training programs and prepare skilled technical personnel aligned with labour market needs, particularly in industrial and production sectors linked to investment expansion.
The meeting concluded with an emphasis on continued coordination between both ministries and LG, as well as follow-up on the implementation of agreed measures and proposals, contributing to improving the investment climate, enhancing business environment efficiency, strengthening investor confidence in the Egyptian market, and supporting the state’s direction toward increasing investment, boosting exports, and deepening local industrialization.
It was also agreed to classify and categorize major companies operating in the Egyptian market to establish a structured framework for engagement based on the nature and scale of their activities, thereby enabling more efficient solutions and supporting the attraction of new investments.
