MIFT & MTI Ministers Meet Investment Banks, with Participation of 4 Government Entities, 5 Investment Banks to Explore Innovative Financing Pathways to Support Industry
- Investment banks commit to establishing Direct Investment Funds to support the industrial sector.
- Coordination meetings to be arranged between investment banks, export councils, and chambers of commerce to present innovative financing solutions and mechanisms for utilization
- Meeting attended by leaders from four government entities: FRA, the EGX, TSFE, and the IDA.
- Broad participation from five investment banks, including Beltone, EFG-Hermes, Al Ahly Pharos, CI Capital, and Cairo Capital.
Dr. Mohamed Farid Saleh:
- MIFT serves as an “enabler,” bringing together relevant stakeholders and fostering a conducive environment without directly participating in economic activity.
- Egypt possesses a supportive legislative framework for establishing investment funds that can effectively back the industrial sector.
- The growth of industrial enterprises depends not only on product quality, but also on the availability of flexible and innovative financing tools that enable expansion and improve operational efficiency.
Eng. Khaled Hashem:
- MTI is committed to linking liquidity in the financial market with the real needs of the industrial sector and promoting a culture of industrial investment among citizens.
- MTI is qualifying factories to access the financing required for operations.
- Due diligence and evaluation processes will be conducted in cooperation with MIFT and investment banks to ensure financing is directed toward export-oriented, high-potential enterprises.
As part of the State’s strategy to localize industry, deepen local content, and position the industrial sector as a primary engine of growth, Dr. Mohamed Farid Saleh, Minister of Investment and Foreign Trade (MIFT Minister) convened a high-level meeting with Eng. Khaled Hashem, Minister of Trade and Industry (MTI Minister). The meeting brought together senior representatives from four key government entities—the Financial Regulatory Authority (FRA), the Egyptian Exchange (EGX), the Industrial Development Authority (IDA), and the Sovereign Fund of Egypt (TSFE)—alongside representatives from five leading investment banks. The objective was to direct financial and investment tools, particularly investment funds, toward supporting qualified industrial projects, enabling their expansion and increasing production capacity, thereby enhancing industrial development, boosting exports, and creating employment opportunities.
Representatives from EFG-Hermes, Beltone, Cairo Capital, CI Capital, and Al Ahly Pharos participated in the meeting.
This comes to connect available liquidity in the financial market with the actual needs of the industrial sector, thereby increasing the volume of financing directed toward productive activities, enhancing the competitiveness of Egyptian industry both locally and internationally, and strengthening its contribution to GDP.
Dr. Saleh affirmed that MIFT serves as an “enabler,” bringing together relevant stakeholders and fostering a conducive environment without directly participating in economic activity. He highlighted the institutional approach adopted since assuming office and noted that Egypt has a robust legislative framework that supports the establishment of diverse investment funds capable of directly serving the real economy, particularly the industrial sector.
He further explained that the growth of industrial enterprises is no longer solely dependent on product quality, but also on the availability of flexible and innovative financing tools that support expansion and improve operational efficiency. He noted that several industrial companies have achieved notable improvements in financial and operational performance following listing on the Egyptian Exchange (EGX), underscoring the strategic importance of capital markets as a financing tool to enable industrial expansion.
MIFT Minister added that the proposed framework includes a range of investment funds, such as securities funds, direct investment funds, equity funds and debt instruments funds, offering flexible solutions tailored to the varying needs of industrial enterprises, with market performance serving as the ultimate benchmark for success.
He also indicated that, in coordination with MTI, efforts are underway to develop a comprehensive financing database to facilitate faster evaluation by investment banks and accelerate capital deployment, while aligning financing products with national development priorities, particularly in priority industrial sectors.
Dr. Saleh emphasized that mobilizing savings and directing them toward productive investment remains a top priority, noting that TSFE can play a pivotal role in promoting industrial opportunities and attracting investment partners, thereby increasing capital inflows into the industrial sector.
He called on investment banks to swiftly translate agreed-upon frameworks into concrete implementation steps, stressing that streamlined procedures, clear criteria, and timely decision-making are essential to boosting industrial investment and job creation.
The Minister further confirmed that TSFE will act as a strategic partner to investment banks in launching industrial investment funds, with the aim of enhancing the financial sector’s capacity to channel funding directly into high-potential industrial projects, expand production capacity, and support sustainable economic growth.
He also announced the launch of an intensive schedule of meetings with export councils and chambers of commerce to present financing solutions and simplify procedures, ensuring alignment between financial products and Egypt’s development needs.
On his part, Eng. Khaled Hashem stressed that the meeting aims to link financial market liquidity with the actual needs of industry and promote a culture of industrial investment among citizens, thereby increasing financing directed to the productive sector, enhancing Egyptian industry competitiveness; locally and globally, and boosting GDP contribution.
He explained that MTI focuses on qualifying factories to become eligible for financing, emphasizing that supporting industry goes beyond providing funding to ensuring enterprise readiness, scalability, and economic viability.
MTI Minister added that MTI will collaborate with MIFT and investment banks on due diligence and evaluation processes to ensure that financing is directed toward promising, export-oriented projects that deepen local manufacturing, reduce import dependence, and open new export markets.
He urged investment banks to move quickly according to defined timelines, noting that time is a critical factor in enabling factories to capitalize on available opportunities. He affirmed MTI is ready to provide data and technical support to accelerate evaluation processes and capital deployment.
Representatives of the investment community welcomed these directions and announced their commitment to establishing specialized investment funds to support the industrial sector, strengthening the linkage between finance and production, increasing industrial capacity, boosting employment, and supporting sustainable economic growth.
