The Minister of Investment and Foreign Trade, Mohamed Farid, confirmed on Friday, July 17, 2026, the ministry's commitment to strengthening ties with Bank of New York (BNY) and other international financial institutions.
The Minister of Investment and Foreign Trade, Mohamed Farid, confirmed on Friday, July 17, 2026, the ministry's commitment to strengthening ties with Bank of New York (BNY) and other international financial institutions.
According to the minister, this interaction is aimed at developing new financial instruments, expanding the circle of investors, and enhancing the capabilities of Egyptian companies to enter global markets. The main objective is to support the competitiveness of the national economy and increase the volume of foreign investment.
Farid emphasized that the Ministry of Investment is working to translate economic reforms into practical steps, paying special attention to improving the experience of existing investors, as this is critically important for attracting new capital. Furthermore, the ministry intends to organize more targeted investment promotion activities tailored to the specific interests of investors.
Both parties agreed to maintain close cooperation in the coming period. Plans include developing previous discussions to support the growth of Egypt's capital market, enhance the ability of Egyptian firms to access global markets, and attract a larger volume of foreign investment.
The Minister of Foreign Affairs, International Cooperation and Egyptian Expatriates, Badr Abdel Atti, called for the establishment of a specialized Egyptian investment body. The goal of this body will be to coordinate the country's investment activities across the entire African continent, as Cairo seeks to expand the presence of Egyptian companies in the African market.
Badr Abdel Atti made these remarks during a meeting with the Minister of Investment and Foreign Trade, Mohamed Farid. During this discussion, both ministers addressed measures aimed at attracting foreign direct investment and supporting Egyptian enterprises operating in African markets. The proposed structure should unite state institutions, the banking sector, and private companies for centralized management of investment processes.
Furthermore, Abdel Atti insisted on creating a comprehensive database containing priority investment opportunities and projects across Africa. This will help Egyptian firms more effectively identify and realize potential directions. He emphasized that the Ministry of Foreign Affairs will continue to engage with the governments and institutions of African countries to assist Egyptian companies in overcoming administrative and regulatory barriers, thereby improving access to African markets.
Badr Abdel Atti also presented Egypt's initiatives aimed at promoting development in African states. These include a mechanism for financing feasibility studies and implementing infrastructure and development projects. The organization of the Export Credit Guarantee Company of Egypt was also mentioned, which is intended to provide guarantees to reduce risks for Egyptian companies investing in Africa. He noted that closer cooperation between the public and private sectors is crucial for strengthening Egypt's economic influence on the continent, aligning with the country's Vision 2030 development strategy.
For his part, the Minister of Investment, Farid, stated that the private sector is a key element in strengthening Egypt's economic ties with African countries. This contributes to increasing trade turnover, attracting joint investments, and deepening commercial and investment partnerships. Farid added that Egyptian companies have proven themselves as reliable executors of major development projects in African markets, and the government intends to build upon this success through new mechanisms focused on priority sectors.
He also reported that the Ministry of Investment and Foreign Trade works through its affiliated agencies to deepen trade and investment integration with African states. This is achieved by utilizing existing trade agreements that provide preferential market access for Egyptian exports, as well as by providing support for expanding the operations of Egyptian companies across the continent.
