Egypt's Investment Minister Hassan El-Khatib said on Sunday the government is aiming to increase both domestic and foreign direct investment as part of its National Narrative for Economic Development. Speaking at the launch of the plan, El-Khatib noted that current investment growth remains below target and called for clearer, more transparent policies to attract investors. He stressed the importance of mobilising local capital alongside foreign inflows. The minister highlighted Egypt's digital transformation efforts, including a temporary licensing platform launched by the General Authority for Investment (GAFI) in June 2025 and a new digital portal for economic entities designed to streamline investor services. El-Khatib also pointed to reforms aimed at improving business performance, boosting Egypt's standing in global readiness reports, and narrowing the trade deficit. Procedural reforms are underway to reduce customs clearance time and costs, with a goal of cutting clearance to two days by the end of 2025. He further mentioned government plans to regulate the automotive market. Attribution: Amwal Al Ghad English Reporting: Aya El-Sayed Writing: Y.Yasser Subediting: Y.Yasser
