Egypt keen to lure more FDIs, boost private sector role in development

Minister of Foreign Affairs, International Co-operation and Egyptian Expatriates Badr Abdel-Aati stressed Egypt’s commitment to attracting more foreign direct investments (FDIs) and providing a competitive, investor-friendly environment by enhancing the legislative and institutional frameworks, promoting transparency, and removing any obstacles that may hinder investors, and reinforcing the private sector’s role as a key driver of national development. The remarks came during Abdel-Aati’s meeting on Friday in New Delhi with chairmen and senior executives of leading Indian companies, including Ocior Energy, TCI Sanmar, and the Hinduja Group, as part of ongoing efforts to strengthen economic and investment ties between Egypt and India. The minister highlighted Egypt’s strong support for expanding Indian investments across diverse sectors, particularly industry, in line with national priorities and the needs of the Egyptian market. He reiterated the government’s commitment to facilitating the operations of serious foreign investors, swiftly addressing challenges, and ensuring smooth procedures for their activities in Egypt. Abdel-Aati also underscored Egypt’s investment advantages, citing its strategic geographic location, modern infrastructure, and extensive network of free trade agreements, which provide access to regional and international markets and create opportunities for business expansion and export growth. Representatives of the Indian companies welcomed Egypt’s investment climate and expressed keen interest in expanding their investments and capitalising on the available opportunities in the Egyptian market. The post Egypt keen to lure more FDIs, boost private sector role in development appeared first on Egyptian Gazette.