Egyptian Prime Minister Mostafa Madbouly has called foreign direct investment (FDI) essential to the country’s economic reform and sustainable development efforts.
He made the remarks while going through the main components of Egypt’s FDI strategy for 2027–2030 at a session with senior investment officials.
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Madbouly described attracting FDI as a “key pillar” of the government’s programme of action.
Investment and Foreign Trade Minister Mohamed Farid, Mohamed Awad, CEO of the General Authority for Investment and Free Zones (GAFI) and ministry officials also attended.
Farid outlined the strategy’s pillars, which cover an assessment of Egypt’s investment environment, an analysis of global investment trends and promising sectors, and the identification of priority sectors to attract and direct capital.
The strategy sets targets for private-sector investment and FDI flows through 2030, and also addresses the targeting of investment opportunities and the implementation of proposed reforms.
Full digitalisation of investor services is another element, intended to simplify procedures and save time and effort.
Madbouly said the aim is to support domestic manufacturing, technology transfer, production and export capacity, and the resilience of the national economy.
According to Farid, the strategy was prepared to carry out directives from the Supreme Council for Investment, chaired by President Abdel Fattah El Sisi.
The directives call for a framework that strengthens the private sector’s role and brings in larger FDI inflows.
He said the work took a participatory approach, with consultations among state institutions and agencies, and direct dialogue with private-sector representatives in sector-specific workshops.
Participants came from industry federations, unions, professional associations, business associations and investment companies.
In July, the International Monetary Fund’s (IMF) executive board approved disbursements of about $1.8bn for Egypt.
The decision followed the completion of the country’s seventh Extended Fund Facility review and second Resilience and Sustainability Facility review.
