Ongoing Reforms To Enhance Financial, Monetary, Trade Policies: Investment Minister

(MENAFN- Daily News Egypt) Hassan El-Khatib, Egypt's Minister of investment and Foreign Trade, announced that reforms are underway across financial, monetary, trade, and procedural policies to further enhance the investment climate and streamline the country's foreign trade operations.

Speaking at the 2025 Egypt Venture Capital (VC) Summit on 4 February, El-Khatib emphasized the government's commitment to improving the ease of doing business in Egypt. The summit, which also featured Amr Talaat, Minister of Communications and Information Technology, and Rania Al-Mashat, Minister of Planning, Economic Development, and International Cooperation, serves as a platform for strengthening investor relationships and supporting sustainable economic growth in Egypt and the broader region.

El-Khatib noted that Egypt is undergoing a pivotal transition, shifting from a state-controlled economy to one that empowers the private sector. He highlighted efforts to create a more conducive business environment, enhance the role of the private sector in economic decision-making, and boost the country's overall economic competitiveness.

The Minister emphasized that one of the ministry's key priorities is to attract more foreign direct investment by improving the business environment and simplifying processes. These efforts are designed to solidify Egypt's position as a leading investment hub in the Middle East and Africa.

In addition, El-Khatib pointed to Egypt's strong infrastructure, rapidly developing new cities, and a well-trained workforce as key advantages for investors. He also underscored the country's strategic geographical location, which facilitates access to markets in the Middle East, Europe, Africa, and Asia. Furthermore, Egypt's participation in over 70 free and preferential trade agreements enhances its appeal as a trading partner.

The government is also focused on providing a supportive institutional and legislative framework, eliminating barriers to investment, and reducing the time and cost of customs clearance to improve trade efficiency. These measures are expected to foster a more competitive business environment and significantly reduce logistical costs.

El-Khatib also noted that the Egyptian government is aiming to improve the country's standing in global trade rankings, targeting a spot among the world's top 50 trading nations, while also aiming for a substantial increase in exports.

Finally, the Minister outlined the state's goal to double the assets managed by the sovereign wealth fund. By employing innovative management strategies and forming strategic partnerships with the private sector, the government intends to unlock the full potential of Egypt's state-owned assets, optimizing their return and further fueling the economy.

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