Egypt's Minister of Investment and Foreign Trade, Hassan El Khatib, highlighted the transformative changes in Egypt's investment climate in recent years as a result of the economic reforms that strengthened the business environment. The discussion came during a meeting on Wednesday with Ahmed Galal Ismail, CEO of the UAE-based Majid Al Futtaim Group, on the sidelines of the World Economic Forum in Davos, Switzerland. The minister reiterated the government's commitment to advancing the retail sector to meet consumer demands at competitive prices. El Khatib outlined the government's efforts to attract investments through progressive fiscal, monetary, and trade policies aimed at facilitating investor operations and boosting Egypt's foreign trade. He expressed full support for Majid Al Futtaim Group's expansion strategy, which includes opening new Supeco and Carrefour outlets to generate jobs and stimulate the local economy. In response, Ismail reaffirmed the group's commitment to expanding its presence in Egypt by meeting consumer needs and contributing to economic growth. El Khatib confirmed the government's dedication to offering comprehensive support and incentives to both local and international investors, ensuring sustainable development in the retail sector and beyond. Attribution: Amwal Al Ghad Enlgish Subediting: M. S. Salama
