Egypt plans to climb into the world's top 50 economies for business readiness within three months, part of an accelerated push to overhaul its investment climate and draw fresh capital, Investment Minister Hassan El-Khatib said Wednesday. Speaking at the second meeting of the National Committee on the Business Readiness Report, Minister El-Khatib said the government will implement "immediate and actionable" procedural reforms designed to strengthen competitiveness. He called for stronger collaboration across public and private sectors to complete the report's data collection and ensure an accurate picture of the business environment. The reform drive comes as Egypt looks to revive foreign direct investment and sustain growth amid ongoing economic headwinds. Minister El-Khatib pointed to the country's modern infrastructure, skilled workforce, expanding role in African markets and abundant renewable energy resources as key pillars for its investment appeal. Cairo Governor Ibrahim Saber pledged the capital's full cooperation in removing bottlenecks that could hinder reform efforts. The committee also reviewed technical progress and institutional participation in what officials described as a national priority to align Egypt's regulatory landscape with global benchmarks. Attribution: Amwal Al Ghad English Subediting: Y.Yasser
