Dr. Mohamed Farid:
- The Government places significant emphasis on investment zones to enhance the competitiveness of the Egyptian economy
- We are working to provide an attractive business environment based on simplified procedures and investor facilitation, with Benha serving as a model of integrated government efforts
- We are committed to reassuring investors and enabling them to expand and boost exports
The tour was attended by Eng. Khaled Hashem, Minister of Industry, and Dr. Hossam Abdel Fattah, Governor of Qalyubia.
As part of the State’s efforts to support the investment climate and enhance the competitiveness of the Egyptian economy, Dr. Mohamed Farid, Minister of Investment and Foreign Trade, participated in an inspection tour conducted this morning (Saturday) by Dr. Mostafa Madbouly, Prime Minister, of a number of industrial companies located within the Benha Investment Zone. The tour was attended by Eng. Khaled Hashem, Minister of Industry; Dr. Hossam Abdel Fattah, Governor of Qalyubia; as well as officials from the investment zone and company executives.
The Prime Minister affirmed that the Government continues to implement a comprehensive plan to support the industrial sector and enhance the competitiveness of the Egyptian economy. This includes expanding the establishment of specialized investment zones and providing an attractive business environment based on simplifying procedures and offering necessary incentives to investors. He stressed that supporting national industry and increasing production and export rates are top priorities for the State during the current phase.
For his part, Dr. Mohamed Farid stated that the Government, under the leadership of the Prime Minister and in line with the directives of H.E. President Abdel Fattah El-Sisi, attaches great importance to investment zones given their positive impact in supporting the industrial sector and strengthening economic competitiveness.
He added: “We are working to provide an attractive business environment that reassures investors, simplifies procedures, and offers the necessary facilitation to enable them to expand and enhance their export capabilities.” He emphasized that supporting national industry and increasing production and export rates remain key priorities for the State.
Dr. Farid further noted that the Ministry adopts a comprehensive strategy to empower developers and investors within investment zones. The tour included visits to several advanced production lines, during which the Prime Minister received detailed briefings from company officials on future expansion plans and operational challenges.
He highlighted that enhancing Egyptian exports and expanding their presence in global markets requires improving supply chain efficiency and providing advanced logistics and information infrastructure. This is exemplified by Benha Investment Zone, which offers investors an integrated system of services and licensing through investor service centres.
He also pointed out that Benha Investment Zone represents a successful model of integrated government efforts to create an attractive investment environment. The zone spans approximately 46 feddans and includes around 56 projects with 147 industrial units operating in food processing, agricultural industries, and related complementary sectors.
At the conclusion of the tour, Dr. Farid commended the scale of existing investments in the zone, noting that the coming period will focus on exploring all possible avenues to support investment zones, including the introduction of targeted incentives linked to export performance and increased local content. He emphasized that investment in manufacturing remains the key driver for achieving sustainable development and creating promising job opportunities for Egyptian youth.
The tour also included visits to a number of industrial companies specializing in sorting, washing, packaging, and preserving agricultural products using automated processes, as well as the production and packaging of dates, dairy products, food products, pharmaceuticals, medical supplies, and nutritional supplements.
