CAIRO, Feb 22 (MENA) – Minister of Foreign Affairs, International Cooperation and Egyptian Expatriates Badr Abdelatty and Minister of Investment and Foreign Trade Mohamed Farid stressed the need to intensify institutional cooperation between their ministries to promote Egypt’s economy abroad.
This came during a meeting held on Sunday at the Foreign Ministry headquarters as part of efforts to strengthen joint coordination aimed at attracting investments and advancing economic development.
The two ministers underscored the importance of closer coordination between Egyptian diplomatic missions and commercial representation offices overseas to better target promising markets and foreign investments.
They also highlighted the need to showcase Egypt’s success stories in improving the investment climate and upgrading infrastructure.
They tackled enhancing collaboration in attracting foreign direct investment (FDI) and promoting available investment opportunities in priority sectors, in line with Egypt’s economic development goals and Vision 2030 strategy.
The meeting also addressed ongoing efforts to open new external markets to support Egyptian exports and boost trade exchange with various countries, contributing to sustainable development goals and strengthening the competitiveness of the national economy.
Abdelatty asserted his ministry’s commitment to mobilizing Egypt’s diplomatic missions abroad to support investment promotion efforts and creating new avenues for economic cooperation with regional and international partners.
He stressed the importance of integrated roles between the two ministries to achieve national economic objectives.
Meanwhile, Farid asserted that the coming phase requires close institutional coordination between the ministries of investment and foreign affairs to maximize Egypt’s international relations network in attracting high-quality and sustainable FDI, while opening new markets for Egyptian exports.
He noted that integrating diplomatic promotion tools with investment and trade policies will enhance Egypt’s economic competitiveness, support development targets, and create new job opportunities. (MENA)
FM, investment min. urge intensifying institutional cooperation to promote Egyptian economy abroad Egypt Independent.
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