Minister of Investment and Foreign Trade Hassan El-Khatib appointed four new assistant ministers.

Egypt is welcoming foreign investors to establish companies using their home currencies, including the Chinese yuan, as part of efforts to attract Chinese companies to the Egyptian market, CEO of the General Authority for Investment and Free Zones Hossam Heiba said in an interview with Asharq Business.

The Egyptian government is working on attracting new foreign investments in the fields of technology, manufacturing industries, and financial services, Minister of Investment and Foreign Trade Hassan El-Khatib highlighted in a meeting with representatives from the global financial institution Jefferies.

CEO of the General Authority for Investment and Free Zones (GAFI) Hassam Heiba and CEO of Credit Agricole Egypt Jean-Pierre Trinelle have inked a memorandum of understanding (MoU) aimed at fostering foreign direct investment (FDI) into Egypt.

The financial investment company CI Capital estimated that Egypt experienced a substantial influx of foreign exchange amounting to approximately $26 billion during the months of February and March, as per a reserach note.

he New Urban Communities Authority (NUCA) has launched the foreign investment portal on February 4th to facilitate investment procedures, Minister of Housing, Utilities, and Urban Communities Assem El-Gazzar announced.

The General Authority for the Suez Canal Economic Zone (SCZONE) attracted $2.5 billion in foreign investments from July 2022 until May 2023, while local investments reached $3.6 billion, covering 46 diversified projects.