Al-Mashat, El-Khatib discuss FDI Strategy in Egypt for 2025-2030 with World Bank
Updated 11/24/2024 6:04:00 AM
Arab Finance: Minister of Planning, Economic Development, and International Cooperation Rania Al-Mashat and Minister of Investment and Foreign Trade Hassan El-Khatib have discussed the progress of the Foreign Direct Investment (FDI) Strategy in Egypt for 2025-2030 with a World Bank delegation, as per a statement.
The government is working with the World Bank and relevant authorities on setting an ambitious plan to diversify and boost FDI in Egypt to reinforce macroeconomic stability, Al-Mashat said.
Moreover, she highlighted the importance of the Industrial Development and Trade Enhancement Strategy (IDTES) in boosting Egypt’s investment environment.
The minister also underscored the government’s ongoing efforts to improve public investment management, enhance governance, and set limits to control inflation.
These measures aim to create more opportunities for private sector participation, with the World Bank playing a vital role in providing technical support, she added.
For his part, El-Khatib referred to the state’s efforts to foster a stable and attractive investment climate that strengthens Egypt’s position as a top destination for investment and trade.
He confirmed that the strategic investment plan for his ministry will be finalized over the coming period, including a plan to attract FDI, enhance the business climate, and facilitate procedures.
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