This announcement came during a high-level meeting held in London, where the minister emphasized the importance of these investments in driving economic growth and achieving sustainable development rates between 6% and 7%.
Minister of Investment and Foreign Trade, Hassan El Khatib, stated that Egypt invested $300 billion in Egypt's infrastructure development over the past decade.
This announcement came during a high-level meeting held in London, where the minister emphasized the importance of these investments in driving economic growth and achieving sustainable development rates between 6% and 7%.
El-Khatib stressed the need to continue infrastructure development efforts, noting that it is a key pillar for achieving comprehensive and sustainable development. He explained that these substantial investments have contributed to improving the quality of life for citizens, enhancing Egypt's economic competitiveness, and attracting more foreign direct investment.
During the meeting, participants highlighted the importance of renewable energy and sustainable financing as key drivers of economic growth in Egypt. The minister affirmed the government's commitment to encouraging investments in this sector, as part of its efforts to achieve sustainable development goals.
The meeting discussed emerging markets' challenges and opportunities, including global financial challenges and their impacts. Participants emphasized the importance of public-private sector cooperation in addressing these challenges and achieving sustainable economic growth.
These investments are expected to attract more foreign investment to Egypt, particularly in promising sectors such as renewable energy, infrastructure, and industry. They are also anticipated to create new job opportunities and improve citizens' living standards.
