Media has already obtained this license, which has contributed to accelerating the implementation of its projects.
Al-Khatib explained that the government also offers competitive tax incentives, noting that the automotive industry, particularly electric vehicles, is a priority for cooperation with Chinese companies such as BYD, in support of Egypt's plans towards a green economy.
He also reviewed the launch of a unified digital licensing platform for investors, aimed at accelerating investment procedures, achieving transparency, and enhancing investor confidence in the Egyptian business environment.
Al-Khatib emphasized that the Egyptian economy is distinguished by its diversity, witnessing growth in several strategic sectors. Four telecommunications networks cover the entire country, while Egypt offers a modern infrastructure, including 15 commercial ports, three cargo airports, and a sophisticated road and railway network, in addition to the availability of energy, water, gas, and mineral resources.
He noted that Egypt's Vision 2030 aims to place Egypt among the top 30 countries globally in development indicators, by achieving comprehensive and sustainable growth, enhancing the role of the private sector and small and medium-sized enterprises, and relying on a competitive knowledge economy. He emphasized that this vision opens up promising investment opportunities for Chinese companies to implement joint projects with strategic returns for both sides.
Al-Khatib emphasized that Egypt is a strategic gateway that combines a domestic market of over 110 million people with direct access to foreign markets comprising nearly two billion consumers, through an extensive network of free trade agreements.
He pointed out that Egypt's geographical location, logistical connectivity via the Suez Canal, and modern transportation networks make it an ideal hub for trade and manufacturing, particularly in the sectors of green energy, electronics, automotive components, textile industries, agriculture, food security, and digital transformation, which offer broad opportunities for cooperation with China.
