Investment and Foreign Trade Minister Mohamed Farid affirmed that the government continues to implement legislative, procedural, and digital reforms to improve the business environment and simplify establishment and expansion procedures, enhancing investor confidence and encouraging existing companies to inject new investments and increase exports.
He stressed that ongoing dialogue with the business community is one of the key tools for developing the investment climate. The minister made these remarks during a meeting with French Ambassador to Egypt Eric Chevallier and heads of 22 French companies operating in Egypt to discuss their expansion plans, review the challenges they face, and explore mechanisms to support French investments, increase local content, and connect Egyptian suppliers with global supply chains.
Farid explained that the ministry is working to facilitate licensing and approval procedures, establish electronic connectivity among government entities to accelerate investor services, and develop the Export Development Fund system, in addition to creating a database of local suppliers.
These efforts aim to support the localization of feeder industries, enhance production capacity, and boost companies’ export capabilities. He added that companies operating in the Egyptian market represent the best ambassadors for attracting new investments, stressing that the ministry will follow up on all proposals raised during the meeting and convert them into practical measures in coordination with relevant authorities.
This will contribute to improving the investor experience and enhancing the competitiveness of the Egyptian economy. For his part, the French ambassador to Egypt affirmed that French companies view Egypt as a regional hub for production and exports, expressing their aspiration to expand investments and strengthen cooperation with the Egyptian government in the coming period.
The meeting included presentations by several French companies on their expansion plans. Orange Egypt announced plans to expand by establishing new stations, while Saint-Gobain highlighted the continuation of its investments in flat glass projects. Alstom, RATP Dev, EDF, Total Energies, CMA CGM, Valeo, and other companies also reviewed plans to expand their activities in the Egyptian market, support local manufacturing, and increase exports.
The Inauguration of the State Strategic Command Headquarters “The Octagon” in the New Capital