Arab Finance: The General Authority for Investment and Free Zones hosted a series of intensive meetings in cooperation with the World Bank and the Ministry of Planning, Economic Development and International Cooperation, and this came within the framework of preparing a comprehensive national strategy for foreign direct investment for the period 2025-2030.
Hossam Heiba, CEO of the General Authority for Investment and Free Zones, confirmed that the preparation of this strategy comes in implementation of the presidential directives and decisions of the Supreme Investment Council, by benefiting from the experiences of the World Bank Group in developing a participatory vision and a clear strategy for investment in Egypt. He pointed out that the formulation of this strategy depends on an analysis of Comprehensive investment opportunities and challenges based on private sector insights, with a focus on achieving an effective partnership between the government and investors to lead economic development efforts.
The CEO of the Authority indicated that the strategy relies on the World Bank’s methodology for surveying sectors, whereby the targeted sectors to attract investment will be divided into two parts:
1. Sectors ready for promotion: These are sectors that provide economic and developmental benefits to the state, and contribute effectively to creating job opportunities and increasing exports, in line with development goals. These sectors also achieve high returns for investors, due to the competitive advantages they enjoy, such as the large market size, Low production costs, availability of appropriate infrastructure, and supporting legislation and procedures.
2. Ambitious sectors: These are the sectors that require implementing reforms to enhance their competitiveness and increase their attractiveness for investments, enabling them to achieve the highest returns and exploit all available potentials.
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