Dr. Mohamed Farid:
- Facilitating incentive measures to attract investments that ultimately foster development.
- We support serious enterprises—in coordination with relevant agencies and ministries—by arranging direct meetings to accelerate implementation and operational launch in Egypt.
Ricky Tong, CEO of MRYK Group Limited:
- We classify Egypt as "a strategic anchor with reach extending to external markets."
- We are seeking to obtain the Golden License to accelerate the implementation of our targeted projects.
- We support MIFT Minister initiatives to attract Foreign Direct Investment (FDI) to foster the growth of the Egyptian economy.
Dr. Samir Sabry, Member of the House of Representatives:
Within the framework of the Ministry of Investment and Foreign Trade strategy—aimed at creating an environment conducive to attracting FDI and strengthening partnerships with major global corporations, particularly in the technology sectors and value-added industries—Dr. Mohamed Farid Saleh, Minister of Investment and Foreign Trade (MIFT), met with a delegation from the Chinese group "MRYK Group Limited." The meeting focused on exploring opportunities for cooperation and investment in the fields of advanced technology and manufacturing, thereby supporting the State’s drive to localize future industries and deepen domestic manufacturing capabilities.
The delegation included Mr. Ricky Tong, CEO of MRYK Group; Mr. Karma Yu, the Group’s General Manager; and Mr. Jianhui Li, General Manager of Overseas International Operations at Shenzhen EXC-LED Technology Co. LTD. The meeting was attended by Dr. Samir Sabry, Member of the House of Representatives and Rapporteur of the Investment Committee at the National Dialogue, and Dr. Mohamed Selim, Member of the House of Representatives.
The meeting featured extensive discussions on opportunities for cooperation in the company’s areas of activity, including advanced technology, smart manufacturing, robotics, energy, and water desalination, in addition to exploring mechanisms for technology transfer and enhancing production capacities within the Egyptian market.
Mechanisms to facilitate the entry of new investments into the Egyptian market were also reviewed, including examining the possibility of granting the Golden License to the projects the company intends to implement, particularly in priority development sectors, thereby accelerating establishment and implementation procedures.
The meeting also addressed the importance of institutional coordination between the Egyptian government and MRYK Group through holding meetings with the relevant entities and ministries, with the aim of streamlining procedures and providing an attractive and enabling investment environment for developing new investments.
Dr. Farid affirmed that the Egyptian state is continuing its efforts to attract high-quality investments in technology sectors and future industries, noting the government’s commitment to facilitating company establishment procedures and considering the granting of the Golden License for strategic projects, thereby enhancing the speed of implementation.
The Minister explained that MIFT is working to provide support and facilitation for serious investors, with full coordination among various entities and ministries to hold direct meetings with the company, ensuring that any challenges facing the implementation of its projects in Egypt are addressed.
He further indicated that the state aims to strengthen international partnerships in the fields of innovation and technology transfer, contributing to increasing value added, boosting local content, and supporting the state’s direction toward localizing advanced industries within the national economy.
The Minister also noted that cooperation in water infrastructure represents a key area of focus, particularly regarding seawater desalination technologies and the development of urban water systems, supporting the state’s efforts to secure water resources and expand their efficient utilization.
For his part, Mr. Ricky Tong, CEO of MRY Group Limited, expressed the group’s interest in expanding its investments in Egypt in the coming phase, affirming that the Egyptian market possesses strong competitive advantages and advanced infrastructure that make it an attractive destination for investment in technology sectors and future industries.
Tong also indicated the group’s interest in obtaining the Golden License for its targeted projects to accelerate implementation procedures, in addition to its aspiration to strengthen cooperation in smart manufacturing and technology transfer.
Dr. Samir Sabry, Member of the House of Representatives and Rapporteur of the Investment Committee in the National Dialogue, stated that the House of Representatives strongly supports the efforts of MIFT to facilitate procedures and enhance incentives aimed at attracting foreign direct investment, in line with the directives of H.E. the President of the Republic to achieve economic development.
Mr. Sabry added that the Chinese company is one of the major entities in China, with ownership that includes investment funds and Chinese governmental entities.
The group operates as an integrated international platform for industrial investment and operations, linking Chinese production and technological capabilities with emerging markets through activities that include industrial investment, research and development, manufacturing, and global supply chains, with a focus on advanced technology sectors such as unmanned aerial vehicles, robotics, 3D printing, and new energy vehicles.
According to its official data, the company places significant importance on Egypt, describing it within its expansion plan as a “strategic anchor with outward-reaching impact,” particularly given its presence in several markets, including Brazil, Russia, Saudi Arabia, Qatar, and the UAE. The company aims to position Egypt as an industrial and logistics hub serving the markets of the Middle East, Africa, and Europe.
