Mohamed Farid, Minister of Investment and Foreign Trade, has met with Mohamed El Sewedy, Chairperson of the Federation of Egyptian Industries (FEI), to discuss ways to strengthen support for the industrial sector and enhance the competitiveness of the Egypt economy. Farid reaffirmed the ministry’s commitment to maintaining open channels of communication with the federation to advance Egyptian industry, support domestic production and enhance the competitiveness of Egyptian products in both local and international markets. He highlighted the importance of strengthening joint efforts to improve the investment climate, stimulate industrial production and expand Egyptian exports to global markets. The two sides additionally reviewed recent discussions on studying the establishment of specialised investment funds to finance industrial projects. Such funds would provide sustainable financing for factories, helping them expand production capacity and scale their operations.

Source: Daily News Egypt March 07, 2026 17:56 UTC