Investment Minister Mohamed Farid says Egypt is implementing reforms to improve the business climate and attract investment.
Investment Minister Mohamed Farid during a meeting with the economic committee in parliament.
Egypt’s Minister of Investment and Foreign Trade Mohamed Farid said the government is continuing a broad reform agenda focused on improving the investment climate, accelerating digital transformation, and strengthening Egypt’s competitiveness as a regional investment and trade hub.
Egypt’s Minister of Investment and Foreign Trade Mohamed Farid said the ministry’s strategy and action plan are guided by presidential directives aimed at improving the investment climate and enhancing the competitiveness of the business environment as key drivers for attracting productive investments, increasing exports, and achieving sustainable economic growth.
Farid made the remarks during a meeting of the economic committee in the Egyptian House of Representatives to discuss the state’s plans for supporting investment and stimulating economic growth amid ongoing regional and global challenges.
He said the government’s investment and trade policies are based on realism and practical implementation, stressing that Egypt possesses the competitive advantages needed to position itself as a regional hub for investment and trade.
Farid explained that the ministry is implementing a series of consistent reforms aimed at improving the efficiency of Egypt’s investment and foreign trade systems.
According to the minister, creating a stable, transparent, and fast business environment requires gradual and sustainable implementation that strengthens the confidence of both local and foreign investors.
He added that the government is currently developing an integrated digital model to simplify the full lifecycle of companies, from incorporation and operation to exit procedures.
The government says digital transformation is central to improving efficiency and investor confidence.
Farid said these measures are designed to improve efficiency, governance, and competitiveness.
“Creating a stable, transparent, and fast business environment requires gradual and sustainable implementation.”
Mohamed Farid
The minister noted that Egypt continues to expand investment incentives and accelerate the issuance of “golden licenses” for strategic projects.
He also highlighted efforts to speed up licensing procedures, simplify approval processes for general assembly records, improve post-establishment services for companies, and reduce the time required to launch and operate projects.
Farid stressed that the Egyptian Sovereign Fund operates under a model focused on maximizing returns from state assets rather than managing budget surpluses.
He added that the government is also working to redirect investments across different governorates to achieve more balanced regional development.
Accelerating approvals for strategic investment projects.
Simplifying procedures and reducing project launch timelines.
Redirecting investments across governorates to support balanced growth.
On foreign trade, Farid said Egypt’s current strategy focuses on strengthening the competitiveness of Egyptian exports through proactive mechanisms based on data analysis and monitoring global indicators.
The goal, he said, is to protect Egyptian exports, expand access to foreign markets, simplify customs and trade procedures, and reduce clearance times and operational costs.
The ministry is also working to encourage innovation in foreign trade by creating a flexible regulatory environment that supports technological solutions aimed at streamlining procedures and supporting exporters.
Farid added that efforts are underway to improve the efficiency of technical laboratories and strengthen oversight on exports and imports to ensure Egyptian products meet international standards.
The minister emphasized the importance of investment promotion campaigns and strengthening Egypt’s investment identity internationally.
According to Farid, raising awareness about investment incentives, regulatory systems, and dispute resolution mechanisms is essential for building investor confidence and attracting additional local and foreign investments.
Farid’s remarks reflect Egypt’s broader strategy of combining regulatory reforms, digital transformation, and investment incentives to position the country as a more competitive destination for regional and international investment.
