Egypt's Deputy PM Calls for Action Plan to Attract Foreign Investment

Deputy Prime Minister and Minister of Health Khaled Abdel Ghaffar chaired a meeting on Saturday to assess progress in attracting global investment and removing market entry barriers for international brands.

Abdel Ghaffar stressed the need for joint efforts between the public and private sectors to create a more investor-friendly environment. He called for a comprehensive study outlining actionable steps to facilitate foreign investment and support the entry of major global brands into the Egyptian market, to be submitted to the Cabinet.

In statements following the meeting, Health Ministry Spokesman Hossam Abdel Ghaffar said discussions focused on simplifying procedures, engaging with brand representatives to address challenges, and activating pending decisions from the Ministry of Investment. Officials also discussed a customs review of international products already in the market.

Participants explored how expanding foreign investment could boost sectors like tourism and contribute to national income. The talks included a 10-year growth model and examined challenges in pharmaceutical and food production sectors. The possibility of using AI in customs pricing was also raised.

The meeting is part of a series of sessions led by Abdel Ghaffar, under directives from Prime Minister Mostafa Madbouly, to accelerate investment reform. It included representatives from key government agencies, the private sector, customs, tourism, and banking.