- The US Corporation is the US government's development investment arm, promoting development by providing financing to empower the private sector.
- The US side expressed growing interest in expanding investments in the mining, telecommunications, and development sectors.
Dr. Mohamed Farid:
- The government is firmly committed to strengthening macroeconomic stability, improving the business environment, and enhancing competitiveness to attract investment and boost exports.
- Priority development-driven investment opportunities are concentrated in the renewable energy, technology, financial services, and entrepreneurship sectors, with ongoing efforts to empower the private sector.
- Egypt continues to implement comprehensive structural reforms to enhance the economy’s competitiveness, attract investments, and promote trade flows.
- The growth of the non-banking financial sector reflects increasing investor confidence in the investment climate.
- The Sovereign Fund of Egypt has an ambitious strategy to maximize the value added to the national.
Ben Black, DFC CEO:
- Egypt is one of the top priority investment markets in Africa and the Middle East.
- Reforms in Egypt have been successful and have added to the attractiveness of the Egyptian economy.
- We welcome expanding cooperation in infrastructure and technology.
As part of the Minister of Investment and Foreign Trade’s efforts (MIFT Minister) to attract investment and strengthen international partnerships, Dr. Mohamed Farid Saleh held an extensive meeting with senior officials of the U.S. International Development Finance Corporation (DFC), represented by Mr. Ben Black, Chief Executive Officer of the Corporation, and Mr. Conor Coleman, Head of Investments. The meeting focused on exploring avenues to enhance economic partnership between Egypt and the United States, as well as reviewing available investment opportunities in light of the State’s economic objectives.
The U.S. International Development Finance Corporation (DFC) is the development finance arm of the U.S. government, established in 2019, to provide financing tools, risk insurance, and technical assistance for projects in infrastructure, energy, and healthcare, with the aim of supporting private sector investments in developing countries.
The meeting took place on the sidelines of Dr. Mohamed Farid Saleh's participation in the Annual Meetings of the International Monetary Fund (IMF) and the World Bank Group (WBG) (2026 Spring Meetings), held in Washington, D.C.
The Minister reviewed the key features of the economic reform program implemented by the state over the past three years, which aims to enhance macroeconomic stability, improve the business environment, and boost the competitiveness of the Egyptian economy, thereby contributing to attracting more foreign direct investment.
He highlighted promising investment opportunities in several vital sectors, most notably renewable energy, technology, and financial services, emphasizing the state's commitment to empowering the private sector, expanding the investment base, and supporting innovation and entrepreneurship.
The Minister further addressed the significant development in the non-banking financial sector and the growth of the Egyptian Exchange, in terms of market capitalization, the number of investors, and the resurgence of the investment fund industry through the introduction of new and diverse products such as gold funds, crowdfunding, and Special Purpose Acquisition Companies (SPACs). This has resulted in increased investor confidence in the Egyptian market's investment climate.
The meeting also addressed the State’s efforts to advance digital infrastructure and digital transformation, alongside the role of the Sovereign Fund of Egypt (TSFE) in providing innovative investment instruments aimed at supporting the industrial sector and increasing value added to the national economy.
The Minister noted that the Sovereign Fund has an ambitious strategy that includes the launch of several specialized funds, including an industrial investment fund, a pharmaceutical innovation fund to support research and development, an Africa investment fund to promote outward expansion, and a sports investment fund to identify and develop talent.
For his part, Mr. Ben Black, DFC CEO, commended the economic reforms being implemented by Egypt, affirming that the Egyptian market is among the Corporation’s top priority investment destinations, particularly in infrastructure, renewable energy, and technology sectors.
The American side also expressed growing interest in expanding investments in mining, telecommunications, and development projects, in light of the promising opportunities offered by the Egyptian economy.
At the conclusion of the meeting, the Minister reaffirmed the State’s objective of increasing the share of private sector investments in total investments, noting that Egyptian–American relations are advancing toward a comprehensive investment and development partnership
