Cairo: Egypt reaffirmed its commitment to accelerating economic reform, boosting export competitiveness, and attracting foreign direct investment during a high-level roundtable held in Washington, D.C., on the sidelines of the Spring Meetings of the International Monetary Fund and the World Bank.

According to State Information Service Egypt, Investment and Foreign Trade Minister Mohamed Farid stated that the state is strongly moving to implement a comprehensive strategy to transition from an assembly-based model to full-scale manufacturing. This initiative aims to increase the added value of Egyptian exports and enhance their competitiveness in global markets.

Farid emphasized the importance of accelerating digital transformation through integrated and transparent electronic platforms to facilitate services provided to investors. He highlighted regulatory reforms and investment incentives designed to improve the business climate, lower operating costs, expand investment zones and industrial cities, localize
industry, and increase local content.

He explained that Egypt is linking foreign direct investment inflows to higher productive capacity, focusing on advanced technology and Trade Tech solutions in key sectors, including renewable energy, technology, and financial services. Farid also underscored the ongoing momentum in the state asset offerings program and the role of the Sovereign Fund of Egypt in building effective partnerships with the private sector.

Meanwhile, Planning and Economic Development Minister Ahmed Rostom noted that the economic reform program has strengthened the country’s ability to cope with the repercussions of geopolitical tensions in the Middle East. He observed that balanced fiscal and monetary policies have helped contain inflationary pressures and maintain a degree of economic stability. The government continues to implement measures to manage public debt, improve spending efficiency, and enhance governance of public investments to create more space for private-sector participation.

Participants from international institutions and economic experts praised the resilience of the Egyptian economy and the proactive measures supporting growth and investment attraction.