Minister of Investment and Foreign Trade Mohamed Farid said that expanding the number of companies listed on the Egyptian Exchange and strengthening capital markets are among the government's priorities to attract long-term investments and support economic growth.
In his remarks at a roundtable organized by Bank of New York Mellon (BNY) in London, Farid said that Egypt is continuing efforts to improve the investment environment through simplified procedures, digital services, and faster customs clearance. He added that the government is working to increase market depth through the state IPO program and by encouraging more private-sector companies to list on the stock exchange, providing investors with a wider range of investment opportunities.
The discussions focused on investment flows into emerging markets and investor interest in equities, debt instruments, and currencies amid global economic developments. Representatives of international financial institutions said the Egyptian economy has shown resilience despite regional and global challenges, noting that exchange rate flexibility and prudent monetary policies have supported investor confidence.
Participants also stressed the importance of increasing the number of listed companies, improving market liquidity, and offering larger investment opportunities to attract more institutional investors. 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