Egypt’s Minister of Investment and Foreign Trade, Mohamed Farid, outlined three urgent priorities aimed at improving investment climate and accelerating economic growth, stressing the importance of deeper partnerships between the government and the private sector. The first priority involves expanding digitalisation and simplifying procedures to make it easier for companies to operate and attract new investments. The second priority focuses on improving the accuracy of economic data, particularly indicators related to investment and national savings. Targeted export strategyOn foreign trade, Farid emphasised the importance of adopting a targeted export strategy rather than what he described as a “scattershot approach”. Venture capital fund for start-upsFarid also revealed plans to establish a large venture capital investment fund in cooperation with the The Sovereign Fund of Egypt to support start-ups and entrepreneurial ventures.

Source: Daily News Egypt March 07, 2026 18:27 UTC