Minister of Investment and Foreign Trade Mohamed Farid said that Egypt offers exceptional investment opportunities, supported by ongoing economic reforms, a more competitive business environment, and efforts to increase private-sector participation in the economy.
During a meeting with officials from the European Bank for Reconstruction and Development (EBRD) in London, Farid discussed expanding cooperation in investment promotion, special investment zones, the government IPO program, and capital market development. The Minister said that Egypt is moving forward with plans to expand special investment zones to attract industrial projects, increase exports, and create jobs.
He also invited the EBRD to support the development of new investment zones through technical assistance and infrastructure projects. Farid reviewed progress in the government IPO program, including preparations for offering a stake in Misr Life Insurance following restructuring efforts.
For their part, EBRD officials said Egypt remains one of the bank’s largest markets in the region, noting that investments reached around €1.4 billion through 26 projects last year, while the bank’s current portfolio in Egypt stands at about €5 billion. Egypt advises citizens to postpone travel to Ebola-hit regions amid global alert Egypt advises citizens to postpone travel to Ebola-hit regions amid global alert