Engineer Hassan Al-Khatib, Minister of Investment and Foreign Trade, held an extensive meeting with a number of members of the Alexandria Businessmen Association. The meeting discussed ways to activate communication with members of the association and support their investments in various fields, as well as strengthening the partnership between the public and private sectors, within the framework of the government’s keenness to expand participation. The private sector in the economic development process in Egypt.
The Minister stressed that the government is working to implement further reforms to financial, monetary and trade policies, with the aim of reducing the customs release time for goods, as well as reducing the financial burdens and fees that represent a burden on investors, in a way that contributes to attracting more local and foreign investments and increasing Egyptian exports to foreign markets. And facilitating Egypt’s foreign trade movement, noting Egypt’s aspiration to become a regional export center, in light of its distinct geographical location that attracts investment.
Al-Khatib explained that the Egyptian market possesses many distinct investment potentials and capabilities, especially in light of the huge investments the state has made in the infrastructure sector during the recent period, which contributed to creating the investment climate in the country. He pointed out the Ministry’s keenness to improve Egypt’s competitiveness to be Among the 50 largest countries in global trade indicators during the coming period.
The minister added that the ministry aims to double the size of the economy and create a flexible and stable economic environment, in light of an investment climate characterized by transparency and clarity, indicating that the ministry is in the process of finalizing the formulation of the strategic investment plan, which will make Egypt characterized by a trade policy open to the world, and contribute to increasing… Exports, providing an attractive environment for investment, supporting and protecting the local industry, and increasing its competitiveness.
Al-Khatib pointed out that the Sovereign Fund of Egypt aims to maximize the return on state-owned assets and entities, to reflect the true value of the Egyptian economy, by reviving national brands, building a strong identity, enhancing its competitiveness, and increasing its value and return from it, stressing that the Egyptian market enjoys promising opportunities, Because it has the potential of free access to a large number of global markets, a large consumer market, the availability of energy and industrial lands, in addition to the availability of qualified workers and highly qualified engineers, with competitive wages.
The meeting was attended by Mohamed Hanno, Chairman of the Board of Directors of the Alexandria Businessmen Association, Mohamed Abdel Mohsen, Chairman of the Association’s Import and Customs Committee, and Walid Al-Qayyar, Vice Chairman of the Import and Customs Committee.
