El-Khatib also said that one of the key features of the National Industrial Development Strategy through 2027 is the government’s goal to achieve an industrial growth rate of 8% and increase the industry's share of GDP to 20%.
Minister of Investment and Foreign Trade, Hassan El-Khatib, highlighted that Egypt's foreign direct investments reached approximately $46.1 billion in 2024, compared to around $10 billion in 2023, in a TV interview with CNBC World on the sidelines of the 2025 Davos Forum.
This significant increase was primarily driven by the Ras El Hekma deal, valued at $35 billion.
El-Khatib also said that one of the key features of the National Industrial Development Strategy through 2027 is the government’s goal to achieve an industrial growth rate of 8% and increase the industry's share of GDP to 20%.
The minister noted that priority sectors also include communications and information technology.
The government aims to increase cultivated land by 20%, reaching a total of 12 million hectares of cultivated land and 20 million hectares of harvested area.
These efforts are designed to strengthen food security and boost agricultural exports, reinforcing the sector’s contribution to the national economy.
Minister El-Khatib confirmed that Egypt plans to increase the number of annual tourists to 30 million and sector revenues to $30 billion by 2027.
El-Khatib pointed to Egypt’s non-oil exports which reached an unprecedented $40.8 billion in 2024, a milestone in the nation’s history.
