- Our investment and trade policies are realistic and implementable to change the current reality and improve the investor experience.
- The Egyptian economy possesses all the competitive advantages to become a hub for investment and trade.
- Building a digital model to facilitate the company lifecycle—from incorporation to operation and exit—to enhance efficiency, governance, and competitiveness.
- The Sovereign Fund of Egypt operates under a model of maximizing returns on state-owned assets rather than managing surpluses.
- Updating legislation to accelerate digital transformation, including electronic signature services, digital authentication, electronic archiving, and removing all obstacles to digitization.
- Media campaigns to promote and raise awareness of investment systems, incentives, and dispute-resolution mechanisms as effective tools to attract and stimulate investment.
- Promoting innovation in foreign trade by providing a flexible regulatory environment to develop and test technological solutions that simplify procedures and support Egyptian exports’ access to external markets.
- Proactive mechanisms based on data analysis to protect exports and enhance their access to more markets.
- Increasing savings levels to finance investment and achieve development, reducing reliance on external financing to bridge the funding gap.
- Facilitating foreign trade movement, reducing customs clearance time, and increasing the competitiveness of Egyptian exports.
- Localizing development by redirecting investments across different regions of the country.
- The capital market has witnessed notable development and is an important tool for financing the economy and supporting the private sector.
Dr. Mohamed Farid Saleh, Minister of Investment and Foreign Trade (MIFT Minister), participated in a meeting of the Economic Committee of the House of Representatives, chaired by MP Tarek Shoukry, as part of the MIFT’s commitment to strengthening coordination with the legislative authority and discussing the State’s targets to support investment, increase exports, and stimulate economic growth amid regional and global economic changes.
At the beginning of the meeting, MIFT Minister expressed his appreciation to the House of Representatives, headed by Counselor Hisham Badawy, praising its role in supporting economic and legislative reform efforts and enhancing the investment climate.
Dr. Mohamed Farid Saleh affirmed that MIFT’s vision and action plan align with presidential directives aimed at improving the investment climate and enhancing the competitiveness of the business environment, as a key mechanism for attracting productive investments with added value to the national economy and supporting increased Egyptian exports to improve Egypt’s trade position and achieve sustainable economic growth.
MIFT Minister stated that MIFT is implementing a series of consistent reforms to raise the efficiency of the investment and foreign trade, emphasizing that this transformation requires time, gradual implementation, and cumulative progress rather than instantaneous change.
He added that the goal is to build a stable, transparent, and fast business environment capable of converting investment opportunities into efficiently operating projects, thereby enhancing the confidence of local and international investors, noting that the strategy focuses primarily on enhancing investment effectiveness and developing the foreign trade system.
Moreover, MIFT Minister stated that increasing economic growth to 6% requires raising the savings rate to match the required investment levels to avoid reliance on external borrowing to finance the funding gap, stressing that MIFT supports the government efforts to raise savings as a primary source of investment financing.
Dr. Farid emphasized that the Egyptian economy enjoys strong sectoral diversity that must be maintained and strengthened, noting the recent increase in the private sector’s share of total investments.
He added that monetary policy has become one of Egypt’s key competitive advantages for investors due to its ability to manage recent economic challenges.
In addition, MIFT Minister stated that the government is working to localize development by redirecting investments across Egypt to achieve balanced regional development, support job provision, and reduce geographic concentration of investments.
He also noted the significant development of the capital market over the past four years in terms of the number of investors, trading values, and youth participation, highlighting its role as a key tool for financing the economy and supporting the private sector.
Regarding investment attraction, MIFT Minister said that MIFT adopts a targeted approach focused on improving investment quality and expanding the state offering program, led by Misr Life Insurance Company, while accelerating licensing procedures, increasing capital, approving general meetings minutes, reducing the time required to start operations, and enhancing post-incorporation services to speed up actual operations.
He added that the government is working to improve the performance of the General Authority for Investment and Free Zones (GAFI), activate oversight, inspection, and judicial enforcement to enhance compliance, and strengthen dispute settlement mechanisms to increase the clarity of legal procedures.
Furthermore, MIFT Minister mentioned that digital transformation is a central pillar through expanding the implementation of electronic identification systems and building a precise economic database that supports decision-making with advanced analytical indicators, while requiring companies to submit financial statements periodically. The aforementioned contributes to improving the measurement of savings and foreign direct investment indicators, while simplifying accounting and auditing standards—especially for SMEs—and reducing regulatory burdens.
He added that MIFT continues to develop investment incentives and expand the use of the “Golden License” to accelerate the implementation of strategic projects.
In foreign trade, the strategy aims to enhance the competitiveness of Egyptian exports through proactive protection mechanisms based on risk analysis and continuous monitoring of global indicators.
MIFT is also working to strengthen export promotion capabilities, expand participation in international exhibitions, and expand the use of E-Systems to simplify procedures and reduce time and cost.
Dr. Farid clarified that oversight of exports and imports is also being strengthened, along with improving the efficiency of technical laboratories to ensure Egyptian products meet the highest international standards.
He also emphasized the importance of promotion and strengthening Egypt’s investment identity to enhance the country’s image as an investment destination, as a key mechanism to attract and stimulate investment and boost the confidence of both local and foreign investors.
Eventually, MIFT Minister reaffirmed that the State continues to implement a comprehensive economic and institutional reform program based on gradualism, sustainability, and policy integration across ministries, to achieve tangible and lasting results that support Egypt’s position as a regional hub for investment and trade, emphasizing the importance of continued coordination between the government, parliament, and all relevant stakeholders to accelerate reform and achieve economic development goals.
