Dr. Badr Abdel Aaty, Minister of Foreign Affairs, Immigration, and Egyptian Expatriates Affairs, met today with Hassan El Khatib, Minister of Investment and Foreign Trade. They discussed mechanisms for effectively promoting the Egyptian economy and attracting more foreign investment, particularly from European Union countries, the United States, and international partners.
During the meeting, the two ministers emphasized the importance of maximizing the benefits of Egypt's extensive network of political and diplomatic relations, making them an effective tool in supporting the state's efforts to attract quality and sustainable investments in priority sectors, including renewable energy, industry, transportation, digital transformation, and advanced technology, in line with the economic development goals and Egypt Vision 2030.
The two sides agreed on the need to intensify institutional cooperation between the two ministries on external promotion, through coordination between diplomatic missions and trade representation offices, and targeting major financial and investment markets and institutions, with a focus on Egypt's success stories in improving the investment climate and developing infrastructure.
The meeting also addressed the importance of strengthening Egypt's economic presence in Africa by enabling Egyptian companies to expand into African markets, drawing on their extensive experience in implementing development projects in the fields of infrastructure, agriculture, health, education, and pharmaceutical industries. This will contribute to supporting regional economic integration and enhancing Egypt's active presence on the continent.
This meeting comes within the framework of the Egyptian state's keenness to unify efforts among various national institutions, activate economic diplomacy tools to enhance growth, attract investments, and consolidate Egypt's position as a regional and international economic center.
