Badr Abdelaaty, Minister of Foreign Affairs, met on Sunday with Mohamed Farid, Minister of Investment and Foreign Trade, to discuss enhancing joint efforts to attract foreign investment and support Egypt’s economic development.
The meeting focused on strategies to strengthen coordination between the two ministries, particularly in relation to foreign direct investment (FDI) and the promotion of investment opportunities in key sectors, all in alignment with Egypt’s Vision 2030 and broader economic development objectives.
The ministers also explored initiatives to open new international markets to bolster Egyptian exports and enhance trade relations with various countries. This collaboration is aimed at advancing Egypt’s sustainable development goals and strengthening the nation’s economic competitiveness.
Both leaders highlighted the importance of institutional collaboration to promote Egypt’s economy on the global stage, emphasizing the role of Egyptian diplomatic missions and commercial representation offices in attracting foreign investment. They also discussed targeting specific markets and investment opportunities.
A key focus of the discussion was Egypt’s growing economic presence in Africa. The ministers explored how Egyptian companies can expand into African markets, leveraging their expertise in sectors such as infrastructure, agriculture, healthcare, education, and pharmaceuticals. This initiative not only supports regional economic integration but also reinforces Egypt’s leadership in African development.
Minister Abdelaaty reiterated the Foreign Ministry’s commitment to mobilizing Egypt’s diplomatic network to advance investment initiatives and forge new economic partnerships globally. He emphasized the complementary roles of the two ministries in achieving national economic goals.
Minister Farid, on his part, stressed the need for closer coordination between the Ministries of Investment and Foreign Affairs in the coming phase. He argued that strengthening Egypt’s international relations will play a crucial role in attracting sustainable and high-quality FDI and opening new markets for Egyptian exports. By integrating diplomatic efforts with investment and trade policies, Egypt can enhance its economic competitiveness, meet development targets, and create job opportunities.
