Investment Min.: Egypt has invested $550 bln in infrastructure development over past 10 yrs

CAIRO - 14 April 2025: Egyptian President Abdel Fattah El-Sisi met Sunday in Doha, the Qatari capital, with representatives of the Qatari business community.

 

The meeting was attended by Sheikh Mohammed bin Abdulrahman Al Thani, Prime Minister and Minister of Foreign Affairs of Qatar; Ali bin Ahmed Al Kuwari, Minister of Finance of Qatar; Abdullah bin Hamad Al Attiyah, Minister of Municipality and Urban Planning of Qatar; Dr. Ahmed bin Mohammed Al Sayed, Minister of State for Foreign Trade Affairs at the Ministry of Commerce and Industry of Qatar; and Sheikh Khalifa bin Jassim Al Thani, Chairman of the Board of Directors of the Qatar Chamber of Commerce and Industry.

 

Representatives from the Qatar Chamber of Commerce and Industry and the Qatari Businessmen Association also attended, along with a wide range of representatives from major companies operating in the Qatari market.

 

Egyptian Minister of Investment and Foreign Trade Engineer Hassan El Khatib presented a comprehensive overview of Egypt's efforts over the past ten years to develop its infrastructure, making it attractive to investment.

 

Minister El-Khatib also noted that the state has invested approximately $550 billion in infrastructure development over the past ten years, including, but not limited to, the construction of 7,000 kilometers of roads, the establishment of new ports, and 24 new cities.

 

He added that the current government is intensifying efforts to create an attractive investment climate, and more competitive at the regional and international levels. 

 

In this regard, it has adopted a monetary policy aimed at controlling inflation, achieving economic stability and enhancing growth, a fiscal policy aimed at: regulating and alleviating non-tax financial burdens and unifying the entities dealing with and collecting from investors; and a trade policy aimed at deepening and protecting local industry, maximizing the benefit from existing trade agreements, facilitating procedures and increasing exports to exceed $145 billion by 2030.

 

It also aims to put Egypt to be among the top 50 countries in global trade indicators within 3 years and among the top 20 countries by 2030.

 

He further stressed that the state is working to maximize the role of the private sector to restore its participation rate to 70 percent of the business volume, as well as the role of the sovereign fund, and seeks to eliminate preferential treatment in favor of state agencies in the investment and economic field.