Egypt’s Minister of Investment and Foreign Trade, Eng. Hassan El Khatib, affirmed the country’s commitment to strengthening ties with Saudi Arabia and adopting targeted policies to attract investments. By focusing on key sectors and implementing strategic measures, Egypt aims to enhance Saudi investments within its borders. Eng. El Khatib emphasized that these initiatives are vital to fostering a robust investment climate and driving Egypt’s economic progress.
Speaking at the 28th World Investment Conference in Riyadh, held from November 25 to 27, the minister highlighted the pivotal role of multilateral agreements in shaping Egypt’s long-term development strategy. He pointed to technology adoption and the green transition as essential drivers for achieving Egypt’s future development goals.
Eng. El Khatib also stressed that Egypt offers an attractive environment for private sector expansion. The government is focused on increasing the private sector’s contribution to GDP. This aims to raise its share to 6-7%, thereby fostering sustainable economic growth.
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