Egypt is intensifying efforts to attract foreign investment by leveraging its political and diplomatic connections, with government ministers unveiling new plans to enhance the country's economic standing, according to a statement from the Ministry of Foreign Affairs. In a high-level meeting on Thursday, Egypt's Foreign Minister Badr Abdel-Atty and Minister of Investment Hassan Al-Khateeb discussed ways to capitalise on the country's extensive diplomatic network to draw foreign capital, particularly from the European Union, the US, and key international markets. The ministers outlined plans to target investments in key sectors such as renewable energy, industrial development, transportation, and technology—all of which align with Egypt's Vision 2030 economic agenda. They also noted that these sectors could help position the country as a regional leader in innovation and sustainability. The two officials agreed to boost coordination between Egypt's foreign missions and commercial offices globally to create a unified front in promoting the country's investment potential. They emphasised showcasing Egypt's recent improvements in the business environment and infrastructure development, which have been pivotal in attracting new investment. The ministers also discussed expanding Egypt's economic footprint in Africa, leveraging the country's experience in large-scale projects in sectors like infrastructure, agriculture, healthcare, and education. By enhancing its presence on the continent, Egypt aims to strengthen regional economic integration and deepen its economic ties across Africa. The meeting signals Egypt's broader commitment to enhancing its economic diplomacy, with the government working to ensure its role as both a regional and global economic hub. Attribution: Amwal Al Ghad English
