Dr. Mohamed Farid: Building Partnerships with Investors Based on Trust and Transparency to Boost Production and Employment
National and foreign investors are partners in success and development, strengthening the competitiveness of the national economy
Breaking bureaucratic bottlenecks that hinder production must be a core objective for all institutions involved in foreign trade and investment
Appreciation extended to former Minister Hassan El-Khatib for his dedicated efforts
Urgent Directives Issued by the Minister of Investment and Foreign Trade Include:
Preparing an urgent roadmap to improve government performance within the Ministry and defining executive reform measures subject to regular follow-up.
Enhancing the investor experience and strengthening trust as top priorities for the current phase.
Moving from mandates to implementation through time-bound reforms and continuous monitoring.
Accelerating digital transformation as a key entry point for simplifying procedures and improving service efficiency.
Establishing full institutional partnership across the Ministry to achieve the State’s economic objectives.
Identifying administrative obstacles that hinder improved service delivery to citizens and investors.
Assessing exporters’ untapped potential and removing barriers to increase market access.
Following the constitutional oath before His Excellency President Abdel Fattah El-Sisi, President of the Republic, Dr. Mohamed Farid, Minister of Investment and Foreign Trade, held his first expanded meeting with the Ministry’s leadership and affiliated authorities to outline the upcoming phase and set urgent work priorities in line with the State’s direction to support the national economy, increase investment levels, and boost employment rates.
At the outset of the meeting, Dr. Farid extended his sincere appreciation to former Minister Engineer Hassan El-Khatib for his dedicated service, emphasizing that the next phase will build upon these efforts while continuing the path of institutional development and ongoing reform to deliver tangible results for both investors and citizens.
The Minister underscored the importance of establishing genuine partnerships with investors based on trust and transparency, aimed at enhancing productivity and creating new job opportunities.
He stressed that both national and foreign investors are partners in success and development, and that cooperation between the Ministry and the investment community represents a cornerstone for strengthening the competitiveness of Egypt’s economy.
Dr. Farid emphasized that eliminating bureaucratic bottlenecks that hinder production must be among the primary objectives of all relevant institutions, translating into clear and swift procedures that facilitate investors’ operations and accelerate development.
During the meeting, the Minister outlined a set of urgent directives and priorities, including the establishment of a clear operational framework for the coming period, defining immediate priorities, and assigning roles and responsibilities across sectors and affiliated entities to ensure rapid progress and measurable results on the ground.
He stressed that the overarching goal of all measures and mandates is to achieve tangible improvements in service delivery, ensuring that both investors and citizens experience real progress in procedural efficiency and speed of execution.
Dr. Farid mandated the setting of precise performance targets for each entity, linked to clear executive actions subject to regular monitoring.
He also emphasized the necessity of fully digitizing procedures to streamline workflows and reduce service delivery timelines, thereby minimizing administrative complexities.
The Minister noted that achieving economic targets requires full coordination and integration among the Ministry’s sectors and affiliated authorities, working collectively as one team.
He further directed the comprehensive identification of administrative obstacles impeding service efficiency and called for their immediate and systematic resolution.
Dr. Farid stressed the importance of intensifying efforts to promote available investment opportunities in a clearer and more attractive manner, while also assessing exporters’ untapped capacities and removing barriers limiting their access to international markets, thereby enhancing the competitiveness of Egyptian exports.
He reaffirmed that the Ministry places significant emphasis on national investors as a cornerstone of the economy, alongside ongoing efforts to attract foreign direct investment, emphasizing that “all are partners in development.”
The Minister called for simplifying procedures, breaking bureaucratic barriers, and immediately addressing all challenges facing the business community, transforming obstacles into real investment opportunities through clear and streamlined processes.
The meeting was attended by Major General Essam El-Nagar, Chairman of the General Organization for Export and Import Control; Engineer Mohamed El-Gouski, CEO of the General Authority for Investment and Free Zones; Ambassador Essam El-Nagar, Chairman of the General Authority for Exhibitions and Conferences; Accountant Amgad Mounir, First Assistant Minister for Financial and Administrative Affairs; Counselor Mohamed Abazaid, Minister’s Advisor for the Sovereign Fund; Ambassador Abdelaziz El-Sherif, Head of Commercial Representation; Dr. Amani El-Wassal, Head of the Trade Agreements Sector and CEO of the Export Development Fund; Ghada Nour, Assistant Minister for Investment Affairs, Promotion and Government Listings; and Dr. Yomna El-Shebraoui, Head of the Trade Remedies Sector.
