Prime Minister Mostafa Madbouly reviewed the main pillars of Egypt’s foreign direct investment (FDI) strategy for 2027–2030 during a meeting with senior investment officials.
The meeting was attended by Mohamed Farid, Minister of Investment and Foreign Trade; Mohamed Awad, CEO of the General Authority for Investment and Free Zones (GAFI); and officials from the ministry.
Madbouly said attracting FDI is a key pillar of the government’s programme and an essential component of its economic reform and sustainable development efforts.
He said Egypt is working to strengthen a competitive and attractive investment environment based on developed infrastructure, incentives and facilitation measures, and greater private-sector participation as a key driver of economic growth.
The strategy aims to support industrial localisation, technology transfer, higher production and export capacity, and greater resilience of the Egyptian economy, Madbouly said.
Farid said the strategy was prepared in line with directives from the Supreme Council for Investment, chaired by President Abdel Fattah El-Sisi, to strengthen the role and investments of the private sector and attract additional FDI flows.
He said the strategy was developed through a participatory approach involving consultations with government institutions and agencies, as well as direct discussions with private-sector representatives through sector-focused workshops.
The consultations included industry federations, professional associations, business organisations, investment companies, and other private-sector stakeholders, alongside specialised interviews with industry experts. The process also drew on sector specialists and experts from the World Bank and the International Finance Corporation (IFC) in Egypt.
Farid outlined the strategy’s main pillars, which include an assessment of Egypt’s investment environment, an analysis of global investment trends and promising sectors, and the identification of priority sectors for investment promotion and capital attraction.
The strategy also sets clear targets for increasing private-sector investment and FDI flows through 2030, he said.
It further includes a more targeted approach to identifying and promoting investment opportunities, implementing proposed reforms, and fully digitising services provided to investors to streamline procedures and reduce the time and effort required to complete them.
