Dr. Mohamed Farid:
- The Ministry is committed to building a partnership with investors based on trust and transparency to enhance production and employment.
- Both domestic and foreign investors are partners in success and development, contributing to the competitiveness of the national economy.
- Eliminating bureaucratic bottlenecks that hinder production must be a core objective for all institutions involved in investment and foreign trade.
- Appreciation was extended to former Minister Eng. Hassan El-Khatib for his dedicated service.
Urgent Directives Include:
- Developing an immediate roadmap to improve institutional performance within the Ministry, with clearly defined and regularly monitored reform measures.
- Enhancing the investor experience and strengthening trust as a top priority.
- Ensuring implementation-driven reforms supported by clear timelines and periodic follow-up.
- Accelerating digital transformation to simplify procedures and improve service efficiency.
- Strengthening coordination across all ministry entities to achieve national economic targets.
- Identifying and addressing administrative obstacles affecting service delivery to citizens and investors.
- Assessing exporters’ capacities and removing barriers to improve access to international markets.
Following his oath before H.E. President Abdel Fattah El-Sisi, Dr. Farid chaired his first expanded meeting with ministry leadership to define priorities aligned with national economic objectives, including increasing investment and employment.
At the outset of the meeting, Dr. Mohamed Farid, Minister of Investment and Foreign Trade, extended his appreciation to Eng. Hassan El-Khatib, former Minister, for his dedicated efforts during his tenure, affirming that the next phase will build on these achievements and continue the path of institutional development and ongoing reform, in a manner that ensures tangible outcomes for both investors and citizens.
The Minister also underscored the importance of establishing a genuine partnership with investors, founded on trust and transparency, with the aim of enhancing productivity and creating new employment opportunities.
The Minister of Investment stressed that both domestic and foreign investors are partners in success and development, and that cooperation between the Ministry and investors constitutes a key pillar for enhancing the competitiveness of the national economy.
Dr. Mohamed Farid further affirmed that eliminating bureaucratic bottlenecks that hinder production must be a primary objective for institutions, and should be translated into clear and streamlined procedures that facilitate investors’ operations and accelerate the pace of development.
During the meeting, the Minister outlined a set of urgent directives and priorities, including the establishment of a clear and well-defined framework for the upcoming phase, setting immediate priorities, and distributing roles and responsibilities across sectors and affiliated entities in a manner that ensures swift action and the achievement of tangible results on the ground.
He emphasized that the overarching goal of all measures and directives is to achieve a tangible improvement in the level of services provided, ensuring that both investors and citizens experience a real difference in the ease of procedures and speed of service delivery.
Dr. Farid also mandated the establishment of precise targets for each entity, linked to clearly defined implementation mechanisms subject to regular monitoring.
He further stressed the necessity of digitizing all procedures to streamline workflows, reduce the time required to obtain services, and minimize administrative complexity.
The Minister noted that achieving economic targets requires full coordination and integration among the Ministry’s sectors and affiliated entities, working in a unified team spirit.
He also directed that all administrative obstacles hindering service efficiency be comprehensively identified and addressed in an immediate and systematic manner.
The Minister called for intensified efforts to promote available investment opportunities and present them in a clearer and more attractive manner to investors. He also emphasized the importance of assessing the untapped capacities of exporters and removing barriers limiting their access to external markets, thereby enhancing the competitiveness of Egyptian exports.
He reaffirmed that the Ministry places significant importance on the domestic investor as a fundamental pillar of the economy, alongside efforts to attract foreign direct investment, stressing that “all are partners in development.”
The Minister further called for simplifying procedures, eliminating bureaucracy, and immediately addressing all obstacles facing the business community, while transforming challenges into real investment opportunities through clear and facilitative measures.
The meeting was attended by Major General Essam El-Naggar, Head of the General Organization for Export and Import Control (EECA); Eng. Mohamed El- Gawsaky, CEO of the General Authority for Investment and Free Zones (GAFI CEO); Minister Plenipotentiary Essam El-Naggar, Head of the Egypt Expo and Convention Authority (EECA); Mr. Amgad Mounir, Chief Assistant to the Minister for Financial and Administrative Affairs; Mr. Mohamed Abazeid, Advisor to the Minister for the Sovereign Fund; Minister Plenipotentiary Abdelaziz El-Sherif, Head of the Commercial Representation Authority; Dr. Amani El-Wasal, Head of the Trade Agreements Sector and CEO of the Export Development Fund; Ms. Ghada Nour, Assistant Minister for Investment Affairs, Promotion, and Government Offerings; and Dr. Yomna El-Shabrawy, Head of the Trade Remedies Sector.
