Egyptian Prime Minister Moustafa Madbouly said on Thursday that the government is fully committed to removing obstacles facing foreign investors and streamlining procedures to encourage both new and expanded investments in the country. "We are ready to remove any barriers facing foreign investment in Egypt," Prime Minister Madbouly told ministers during the weekly Cabinet meeting in the New Administrative Capital. "Our commitment is to streamline all necessary processes to facilitate the launch of new investments or the expansion of existing ones. I've directed ministers to seize the numerous opportunities currently available to attract investments and ensure they are fully leveraged." The remarks come amid a renewed push by Cairo to attract Gulf and Asian capital, following President Abdel Fattah al-Sisi's recent visits to Qatar and Kuwait. Prime Minister Madbouly said the visits highlighted the "depth and strength" of Egypt's ties with both Gulf nations and opened doors to increased economic cooperation. The visits resulted in agreements to boost direct Qatari investments in Egypt and saw Kuwait signal its intent to inject capital across key sectors including energy, agriculture, manufacturing, IT, real estate, banking, and pharmaceuticals. The prime minister said the Cabinet will follow up on all investment pledges made during the trips, emphasising the importance of coordination among ministries to ensure implementation and unlock long-term economic benefits. He also hailed the official visit of Indonesian President-elect Prabowo Subianto to Cairo, during which the two countries elevated bilateral relations to a "strategic partnership." Areas of cooperation will include trade, industry, energy, digital infrastructure, and food security. On the domestic front, Prime Minister Madbouly highlighted his recent field visits to several governorates, including Assiut and Ismailia, to inspect infrastructure and service projects. He stressed the need to accelerate completion rates and remove bottlenecks delaying implementation. In a further push to attract capital, the prime minister recently met with a delegation of leading Saudi investors to discuss new investment opportunities. He reiterated the government's support for international private sector involvement in Egypt's development. "There are many promising opportunities right now that must be seized," Prime Minister Madbouly said. "We are determined to make Egypt a competitive and welcoming destination for foreign investment." Attribution: Amwal Al Ghad English
