Egyptian Prime Minister Mostafa Madbouly has called on investors and business leaders from Gulf Cooperation Council (GCC) countries to expand their investments in Egypt, particularly in sectors of shared strategic priority. He stressed the vital role of the private sector in driving economic growth and strengthening Egyptian-Gulf relations.
Madbouly made the remarks during the opening session of the Egypt-Gulf Trade and Investment Forum, held in Cairo on 10-11 November under the theme “A Roadmap to Strengthen Egyptian-Gulf Economic Cooperation.”
The forum was jointly organized by the Egyptian Ministry of Foreign Affairs and the GCC General Secretariat, in collaboration with Egypt’s Ministry of Investment, the Federation of Egyptian Chambers of Commerce, and the Federation of GCC Chambers. The event brought together ministers, senior officials, and leading business figures from both sides.
Madbouly said the gathering reflects a shared commitment to deepening trade and investment ties, supporting sustainable development and mutual prosperity. He emphasized that the forum demonstrates continued confidence in the economic performance and growth potential of both Egypt and the Gulf states.
The Prime Minister underscored that GCC countries are among Egypt’s most important economic and trade partners, reaffirming Egypt’s aspiration to further boost trade and investment flows and reinforce the Gulf’s position as Egypt’s leading regional partner.
Madbouly highlighted that over the past decade, Egypt has undergone a comprehensive development transformation, investing heavily in infrastructure, new urban centers, transportation networks, and smart cities—including the New Administrative Capital and New Alamein City—built on modern sustainability and technology standards.
He noted that Egypt has also implemented wide-ranging fiscal and monetary reforms, introduced a flexible exchange rate, capped public investments, and launched investment incentives targeting foreign—particularly Gulf—investors. These include the Golden License, tax exemptions, and streamlined procedures for company registration and customs clearance.
Such measures, Madbouly said, have enhanced economic stability, restored investor confidence, and earned praise from international financial institutions, contributing to an improved credit rating for Egypt.
The Prime Minister added that foreign direct investment (FDI), especially from the Gulf, has risen significantly thanks to these reforms and the country’s upgraded infrastructure. Egypt, he said, continues to foster a favorable environment for private-sector expansion and regional industrial integration, particularly in manufacturing, tourism, agriculture and food security, energy, transport and logistics, and ICT.
Concluding his remarks, Madbouly expressed confidence that the forum’s outcomes would further strengthen the long-standing partnership between Egypt and GCC states, advancing joint economic, trade, and investment cooperation in line with their shared vision for sustainable growth and regional stability.
