Hassan El-Khatib, Minister of Investment and Foreign Trade, said Egypt has decisively moved from a phase of stability to one of execution, noting that with macroeconomic stability restored, the focus has shifted to enhancing competitiveness, driving export-led growth and attracting private investment. The meeting was attended by Karim Awad, Group Chief Executive Officer of EFG Holding, alongside senior representatives of international investment institutions and Ghada Nour, Assistant Minister of Investment for Investment Affairs, Promotion and Government Offerings. He said Egypt’s economic reform programme rests on four integrated pillars: monetary policy, fiscal policy, trade policy, and redefining the role of the state as a regulator and enabler of economic activity. The objective, he said, is to achieve a competitive effective tax rate that enhances Egypt’s investment appeal. In this context, he said Egypt currently attracts average annual foreign direct investment of around $12bn, with a target to double this figure.
