Minister of Investment and Foreign Trade Mohamed Farid confirmed on Friday, July 17, 2026, that the ministry is committed to strengthening ties with the Bank of New York (BNY) and other international financial institutions.
The minister explained that the move aims to develop financing tools, expand the investor base, and improve Egyptian companies’ ability to access global markets. The goal is to support the competitiveness of the national economy and increase foreign investment.
Farid made it clear that the Investment Ministry is working to turn economic reforms into actionable steps, particularly by improving the experience of existing investors, noting that this is essential for attracting new investment.
He also pointed out that the ministry seeks to organize more targeted investment promotion events that serve investors’ specific interests.
Both sides agreed to continue close coordination in the coming period. They plan to build on earlier discussions to support the development of Egypt’s capital market, strengthen Egyptian companies’ ability to access global markets, and attract more foreign investment.
Egypt enhances cooperation with Bank of New York to develop financing tools, global access for companies Egypt Independent.
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