Minister of Investment and Foreign Trade Mohamed Farid said that the ministry is committed to building a genuine partnership with the private sector, describing it as a key driver of economic growth, investment, job creation, and export expansion. The minister Farid made his remarks during an expanded meeting held by the Alexandria Chamber of Commerce, where he said regular dialogue with investors is essential for shaping economic policies that respond to the needs of businesses.
Farid said Egypt's economic reform program is not limited to simplifying procedures but also aims to strike a balance between faster government services and an effective regulatory framework that promotes transparency, protects compliant investors, and ensures fair competition.
The minister Farid added that the ministry is working with relevant authorities to establish an integrated electronic system. Farid stressed that improving government services and streamlining procedures remain central to the ministry's efforts to create a more competitive investment climate and attract additional local and foreign investment.
For his part, Alexandria Governor Ahmed Atteya reaffirmed the governorate's commitment to supporting investment, noting that Alexandria's industrial base and major ports make it one of Egypt's most important economic and logistics hubs.