Dr. Mohamed Farid, Minister of Investment and Foreign Trade:
- Egypt is in a state of constant evolution, actively sculpting a landscape that beckons investors and fuels the engine of foreign trade.
- We open our doors eagerly to any viable investment opportunity with South Sudan — particularly in the productive sectors where real value is built.
- The Sovereign Fund of Egypt stands ready to play a pivotal role, acting as a cornerstone for joint investments between the two countries.
Mr. Joseph Mum Majak:
- We are actively reshaping our investment environment and warmly welcome a strategic partnership with Egypt.
- South Sudan is keen to draw on Egypt's hard-won expertise in the one-stop-shop model and digital transformation.
Dr. Mohamed Farid, Minister of Investment and Foreign Trade (MIFT Minister), received Mr. Joseph Mum Majak, Minister of Investment of the Republic of South Sudan, in the presence H.E. Ambassador Kuol Nyok Kuol Arop, South Sudan's Ambassador to Cairo, and the accompanying delegation, to discuss ways of strengthening economic and investment cooperation between the two countries and to explore available opportunities in sectors of mutual interest.
The meeting witnessed a review of investment climate developments in both countries, and an examination of cooperation mechanisms in a number of vital sectors, including agriculture, food industries, energy, and infrastructure, as well as ways to benefit from Egypt's experience in developing investor services.
Dr. Farid affirmed Egypt's keenness to strengthen economic cooperation with African countries, foremost among them South Sudan, in light of the fraternal relations binding the two countries.
Moreover, MIFT Minister referred to the progress Egypt has achieved in developing its investment environment through simplifying procedures and modernizing legislative frameworks, noting that the one-stop-shop constitutes a fundamental pillar in providing integrated services to investors, alongside the expansion of digital transformation across the various stages of the investment process.
He noted that Egypt welcomes the study of investment opportunities in South Sudan, particularly in the fields of agro-processing, juice and concentrate production, and the textiles industry, pointing out that the Sovereign Fund of Egypt (TSFE) is capable of supporting joint investments and reducing risk.
Dr. Farid also emphasized Egypt's openness to attracting serious investments, particularly in priority sectors, with active participation from the private sector to maximize the use of available resources.
He referred to Egypt's support for activating regional frameworks, foremost among them the African Continental Free Trade Area (AfCFTA), and its readiness to provide the necessary technical support and coordination to enhance economic integration.
On his part, Mr. Majak praised Egypt's experience in developing the investment environment, particularly with regard to the one-stop-shop, affirming his country's keenness to benefit from this experience.
He indicated that South Sudan possesses promising investment opportunities in the sectors of agriculture, food processing, and energy, alongside the availability of distinctive natural resources, noting that there are specific projects his country is seeking to present to Egyptian investors.
He affirmed the commitment of the South Sudanese Government to improving the investment climate and providing an attractive and secure environment through developing legislation and the institutional framework, and strengthening cooperation with regional partners, foremost among them Egypt, in a manner that supports the achievement of sustainable economic development.
