The President directs to provide facilities to increase investment and encourage the private sector

President Abdel Fattah El-Sisi met today with Dr. Mostafa Madbouly, Prime Minister, and Eng. Hassan Al-Khatib, Minister of Investment and Foreign Trade.

The official spokesman for the Presidency of the Republic stated that the meeting witnessed a review of the axes of the strategy to promote the investment and trade sector during the coming period within the framework of Egypt's Vision 2030, which was prepared in partnership and dialogue between the various parties of the investment and trade process in Egypt.

The strategy includes a main goal of achieving tangible and broad progress in the investment and export files, through extensive plans to attract major investment entities in the world to invest in Egypt in several sectors, especially the industrial sector as it is the locomotive of economic growth for the state, in addition to enhancing investor confidence in the Egyptian economy based on the stability of monetary and financial policies.

And enhancing commitment to the state ownership policy document that aims to strengthen the role of the private sector in economic activity, and provide a supportive and attractive economic environment for investments, in addition to opening new markets for export, in cooperation and coordination with export councils and joint business councils.

The official spokesman added that the President directed to provide the necessary facilities to increase investment rates, encourage the Egyptian and foreign private sector, build on the growth in foreign direct investment rates witnessed in the past period, and continue to expand the granting of the golden license to investors in the main sectors of priority to the Egyptian side, most notably industry, green energy, transportation, information and communications technology, agriculture, and health care, in a manner that achieves the state's goals in comprehensive development.