Minister of Investment and Foreign Trade Mohamed Farid Saleh affirmed Egypt’s commitment to continuing the development of its investment climate and enhancing efforts to attract foreign direct investment by targeting global investors and companies capable of boosting the production and export capacity of the Egyptian economy.
This came during an expanded meeting with French Ambassador to Cairo Éric Chevallier and a delegation from the French Embassy. Saleh explained that the ministry is working to develop and refine methodologies for calculating foreign direct investment data to improve economic decision-making and investment promotion policies.
He stressed the importance of adopting a more effective approach to attracting investment, based on directly targeting investors in line with national priorities and available competitive opportunities. He also highlighted the importance of supporting the expansion of foreign companies already operating in the Egyptian market, considering this a key factor in attracting new investments and strengthening the confidence of the international business community.
He reaffirmed the government’s commitment to providing a competitive investment environment and accelerating the implementation of investment projects. For his part, the French ambassador Éric Chevallier said that economic relations between Egypt and France are witnessing growing momentum, noting that the Egyptian market is one of the most important investment destinations for French companies in the region.
He added that there is continued interest in supporting the expansion of existing companies and attracting new investments in the sectors of industry, energy, and advanced services. During the meeting, both sides discussed ways to further develop foreign direct investment data systems and prepare lists of targeted French investors and companies according to priority sectors.
They also explored cooperation opportunities in the automotive industry, automotive components, aviation, pharmaceuticals, and advanced technology. The discussions also covered preparations for the French Business Forum scheduled to take place in Paris and Lyon this September, aimed at enhancing communication between the business communities of both countries and showcasing investment opportunities in the Egyptian market to attract new investments and strengthen economic cooperation.
Both sides agreed to continue technical and institutional coordination and to follow up on the implementation of joint understandings in order to achieve tangible results that contribute to increasing foreign direct investment flows and supporting sustainable economic growth.