Egyptian Minister of Investment: We seek to enhance and attract more Saudi investments

Eng. Hassan Al-Khatib, Minister of Investment and Foreign Trade in Egypt, stressed that cooperation with the Kingdom, in addition to adopting well-thought-out policies, will contribute to focusing on promising sectors and implementing appropriate policies to attract investors, including enhancing Saudi investments in Egypt, indicating that these policies will support Egypt’s efforts to make steady progress towards creating an attractive environment for investment.

This came during his participation in the sessions accompanying the 28th World Investment Conference, held in Riyadh over three days from November 25 to 27.

He explained that multilateral agreements are an essential element in Egypt’s future strategy, as they constitute a pivotal part of its long-term plans, stressing that focusing on technology and green transformation represents an important pillar to support Egypt’s development goals in the coming years.

He pointed out that Egypt is an ideal environment for the growth and prosperity of the private sector, stressing that the state seeks to increase the contribution of this sector to the GDP to reach a percentage ranging between 6% and 7%.