Dr. Mohamed Farid:
- Egypt possesses the competitive advantages that qualify it to become a regional hub for investment and trade.
- We are committed to improving the business environment and simplifying procedures to attract investments.
- We are working to enhance the accuracy of Foreign Direct Investment (FDI) calculations to ensure the monitoring of all developments related to foreign ownership in companies.
Company Executives:
- Development Partners International (DPI) aims to increase its investments in the Egyptian market in light of the promising opportunities and significant growth potential it offers.
- The company is keen to strengthen cooperation with the Egyptian government and explore new investment opportunities.
Dr. Mohamed Farid, Minister of Investment and Foreign Trade (MIFT), affirmed the state’s commitment to enhancing the investment environment and improving the business climate in a manner that contributes to attracting more domestic and foreign investments, supporting private sector growth, and increasing its capacity for expansion and competitiveness.
This came during the Minister’s meeting with Mr. Ziad Abaza, Partner and Co-Head of Investments at Development Partners International, and Mr. Ismail Talaat, General Manager of DPI Egypt, in the presence of Mr. Mohamed Ayad, MIFT Assistant Minister for Promotion and Media Relations, Ms. Noha Khalil, Interim CEO of The Sovereign Fund of Egypt (TSFE), and Mr. AbdelRahman Mansour, representative of Egypt Ventures, to discuss ways to strengthen joint cooperation and support investment flows into the Egyptian market.
Development Partners International (DPI) is one of the leading direct investment funds operating across Africa and emerging markets, contributing to strategic investments in vital sectors that support economic growth and expand the base of scalable companies. The company plays an important role in enhancing foreign capital inflows and improving corporate performance through long-term growth strategies, thereby supporting development efforts and increasing employment opportunities.
Dr. Mohamed Farid stated that Egypt possesses promising investment opportunities across a wide range of sectors attractive to capital flows, noting the government’s ongoing efforts to improve the business environment and simplify procedures for investors, in a manner that enhances the competitiveness of the Egyptian economy and increases growth and employment rates.
MIFT Minster explained that strengthening joint financing mechanisms represents an important step toward increasing investment volumes and reducing risks, noting that cooperation among various investment institutions enables the financing of a larger number of companies and investment opportunities with greater efficiency.
The Minister further noted that the state is working to support the expansion of existing companies and attract new investments that contribute to achieving sustainable economic development, stressing the importance of maximizing the benefits of current investments and restructuring them in a way that enhances operational efficiency and growth potential.
The meeting also reviewed DPI’s expansion plans in Egypt, alongside discussions on mechanisms to overcome procedural challenges and develop regulatory and legislative frameworks in line with international standards, ensuring the efficient and accurate recording of foreign direct investment inflows.
The meeting also addressed the geographical distribution of the company’s investments, with discussions highlighting a strong investment focus on the Egyptian market alongside the company’s significant presence across several African markets, reflecting its strategy to diversify markets and strengthen regional expansion.
The two sides also discussed avenues of cooperation regarding the procedures required to position Egypt as a regional hub for funds providing financing to startups, in line with successful international models, in a manner that contributes to attracting more investment inflows and strengthening Egypt’s position as a regional financial and investment center.
The meeting further explored the possibility of cooperation with The Sovereign Fund of Egypt (TSFE) in a number of investment opportunities and projects, supporting the state’s efforts to attract capital and strengthen partnerships with the private sector and international investment institutions.
The two sides also discussed mechanisms for cooperation in monitoring and tracking investment transactions, in a manner that contributes to enhancing the accuracy of calculating foreign direct investment inflows, particularly in transactions executed through multiple investment structures. This comes within the framework of supporting the efficiency of economic databases and improving the quality of investment-related indicators.
Dr. Mohamed Farid highlighted the Ministry’s commitment to strengthening coordination with relevant entities, foremost among them the General Authority for Investment and Free Zones (GAFI), in order to facilitate procedures and accelerate the implementation of investment transactions. He emphasized the importance of accurately recording foreign direct investments, particularly those conducted through offshore structures, through the development of performance monitoring systems and data analysis mechanisms to support decision-making processes.
For his part, Mr. Ziad Abaza, Partner and Co-Head of Investments at Development Partners International, affirmed the company’s commitment to increasing its investments in the Egyptian market during the coming period, in light of the promising opportunities and significant growth potential across a number of vital sectors.
Mr. Ismail Talaat, General Manager of DPI Egypt, also affirmed the company’s commitment to strengthening cooperation with the Egyptian government and exploring new investment opportunities, in a manner that supports corporate growth and contributes to advancing economic development.
At the conclusion of the meeting, both sides agreed to continue coordination and hold specialized technical meetings to discuss the details of investment transactions and mechanisms for their development, in addition to supporting digital transformation and enhancing data analysis and financial statement systems, in a way that contributes to improving the efficiency of investment performance evaluation and strengthening transparency and data accuracy.
