{"id":4970,"date":"2026-11-13T06:32:22","date_gmt":"2026-11-13T04:32:22","guid":{"rendered":"https:\/\/dailybusinessegypt.com\/?p=4970"},"modified":"2026-11-13T06:32:22","modified_gmt":"2026-11-13T04:32:22","slug":"investment-minister-reviews-business-opportunities-before-major-us-companies","status":"publish","type":"post","link":"https:\/\/dailybusinessegypt.com\/?p=4970","title":{"rendered":"Investment Minister reviews business opportunities before major US companies"},"content":{"rendered":"
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\u201cInvestment and Foreign Trade Minister Mohamed Farid highlighted investment opportunities in Egypt and ongoing economic and institutional reforms designed to improve the investment climate and reduce the cost of doing business, during a meeting hosted by global law firm DLA Piper in Washington,\u201d the Ministry said.<\/p>\n

The meeting was held on the sidelines of his participation in the B20 USA 2026 business summit and attended by representatives of major US and international companies and investment institutions.<\/p>\n

Farid said the government was working to create a more competitive investment environment through institutional and legislative reforms, the digitalization of services, streamlined procedures, lower business costs and a greater role for the private sector.<\/p>\n

He also presented Egypt\u2019s new foreign direct investment promotion strategy, which targets 16 promising economic sectors, including pharmaceuticals, medical supplies, automotive manufacturing, electronics, textiles, chemicals and food industries, as well as technology services, tourism and logistics.<\/p>\n

The strategy aims to attract investment, deepen local manufacturing, boost exports and strengthen the integration of Egyptian companies into global value chains, he said.<\/p>\n

Farid highlighted efforts to accelerate digital transformation and redesign procedures across the investor journey, saying a platform known as \u201cJourney of the Minutes\u201d would soon be launched to handle company capital increases.<\/p>\n

The platform aims to electronically link relevant authorities and unify procedures for approving minutes of general assemblies and boards of directors, reducing processing times and simplifying requirements for companies.<\/p>\n

He also outlined plans to expand investment and industrial zones and improve mechanisms for making investment opportunities available across Egypt\u2019s governorates, helping direct investment towards new areas, strengthen links between productive and service activities and create jobs.<\/p>\n

The meeting also discussed efforts to develop Egypt\u2019s foreign trade system by facilitating customs procedures, expanding digital services for exporters and improving access for Egyptian products to international markets.<\/p>\n

Farid said increasing the private sector\u2019s role and contribution to economic activity remained a government priority.<\/p>\n

The government would maintain direct engagement with investors to identify their expectations and the challenges they face, translating ongoing reforms into investment opportunities and projects that support production, employment and exports, he added.<\/p>\n

Planning and Economic Development Minister Ahmed Rostom and Egypt\u2019s ambassador to the United States, Mohamed al-Molla, also attended the meeting.<\/p>\n<\/p><\/div>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

\u201cInvestment and Foreign Trade Minister Mohamed Farid highlighted investment opportunities in Egypt and ongoing economic and institutional reforms designed to improve the investment climate and reduce the cost of doing business, during a meeting hosted by global law firm DLA Piper in Washington,\u201d the Ministry said. 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