Washington: Minister of Investment and Foreign Trade Mohamed Farid said that state-led economic reforms are based on a sustainable institutional approach to stabilizing the investment climate and empowering the private sector.

According to State Information Service Egypt, Farid made the remarks during an expanded meeting with Jefferies Group in Washington, attended by senior asset managers and representatives of American investment funds. He noted that the ministry’s plan focuses on accelerating investment procedures to be completed within four working days, deepening investment, and promoting geographically balanced development across governorates.

The minister also announced plans to offer Misr Life Insurance on the Egyptian Exchange during the second quarter of 2026. This move is part of the government’s IPO program aimed at deepening capital markets and enhancing Egypt’s weight in global indices such as MSCI and FTSE.

Farid added that the state is targeting a doubling in both the number and size of investment funds within two years. The strategy includes maintaining a flexible exchange rate policy to support competitiveness and working to convert regional deposits into direct investments.

Participants at the meeting praised the clarity of the government’s vision and recent executive measures. They noted that the transparent presentation of economic policies strengthens confidence among international financial institutions in Egypt’s economic outlook.