Egypt currently attracts an average of $12bn in foreign direct investment (FDI) annually and has the capacity to double this figure through ongoing structural reforms, Minister of Investment and Foreign Trade Hassan El-Khatib said. The minister stated that recent decisions have led to a “tangible improvement” in net foreign assets and foreign exchange reserves, which have reached unprecedented levels. On fiscal policy, El-Khatib noted a fundamental shift in coordination with the Ministry of Finance to simplify the tax system. The government has prioritised foreign trade by reducing customs clearance times from 16 days to approximately five days, with a further target of two days. Egypt has also removed a significant number of non-tariff barriers that had accumulated over years, according to the minister.

Source: Daily News Egypt February 03, 2026 17:26 UTC