During the meeting, El-Khatib emphasized that the Egyptian government is committed to creating an attractive investment climate through comprehensive and transparent economic policies.
Minister of Investment and Foreign Trade, Hassan El-Khatib, recently met with a delegation of 42 Italian companies keen on investing in Egypt.
During the meeting, El-Khatib emphasized that the Egyptian government is committed to creating an attractive investment climate through comprehensive and transparent economic policies.
These efforts aim to reduce both time and costs for investors, reinforcing Egypt’s strategic position as a central export hub connecting Asia, Africa, and Europe.
The minister highlighted Egypt’s extensive trade agreements with 70 countries, providing significant opportunities to expand exports through bilateral partnerships.
He also outlined the country’s financial policies, which focus on fostering a competitive tax environment and cutting bureaucratic hurdles to attract further investments.
El-Khatib pointed out that Egypt boasts advanced industrial infrastructure and a highly skilled workforce, making it an ideal destination for Italian companies looking to invest in key sectors.
Among the promising areas, he noted Egypt’s ambition to localize the manufacturing of solar panels and wind turbines, aligning with the country’s renewable energy goals.
Additionally, he invited Italian businesses to explore investment opportunities in various sectors, including workforce training and the development of industrial zones for artisanal industries such as jewelry and textiles.
These initiatives, he noted, would contribute to economic growth and job creation in Egypt.
The minister also announced plans for an upcoming visit to Italy to strengthen economic cooperation between the two nations. This visit aims to further solidify bilateral relations and explore new avenues for collaboration and investment.
