Foreign Investment

EBRD Investment in Egypt tops €13.8B, supporting structural reforms and renewables

Mon, 05 May 2025 - 12:55 GMT

Egypt’s structural reform efforts—particularly in renewable energy—have strengthened its investment climate and enabled access to innovative financing, says Al Mashat

Afreximbank to Channel $2 Billion into Egypt’s Economy in 2025

Wed, 16 Apr 2025 - 12:44 GMT

Announced during the FOCUS Africa Investment and Trade Forum in Cairo, the plan was outlined by Ayman El-Zoghbi, who leads Intra-African Trade, Investment, and Corporate Finance at the bank

Chinese companies look to Egypt to support exports as US-China tariffs continue to rise

Wed, 05 Mar 2025 - 01:30 GMT

Mostafa Ibrahim, Deputy Chairman of the China Committee at the Egyptian Businessmen’s Association, forecasts that Chinese investments in Egypt will reach between $2 and $3 billion by 2025.

InvestmentMin meets with Barceló Hotel Group to promote tourism investment opportunities in Egypt

Mon, 10 Feb 2025 - 04:01 GMT

El Khatib noted that these conversations align with Egypt's broader strategy to boost tourism, with the goal of attracting 30 million visitors.

Ukraine shares interest in Egypt as strategic grain export hub, PlanningMin highlights SCZone

Tue, 04 Feb 2025 - 03:46 GMT

Ukraine’s Minister of Agricultural Policy and Food Vitaliy Koval recently expressed the country’s interest in establishing a logistics zone in Egypt to facilitate Ukrainian exports to Africa.

InvestmentMin, Ali Alghanim Group look into potentially establishing insulin factory in Egypt

Tue, 04 Feb 2025 - 12:13 GMT

Ali Alghanim & Sons Group, based in Kuwait, is looking to expand its presence in Egypt with plans that may include the establishment of an insulin factory in partnership with foreign companies.

Egypt kicks off negotiations with EU on latest financial package set to be finalized by summer

Tue, 21 Jan 2025 - 03:50 GMT

This funding is part of a broader €5 billion support package from the EU, with €1 billion already received by the Egyptian government in December.

Egypt receives first tranche of EU’s Macro-Financial Assistance program

Thu, 02 Jan 2025 - 01:04 GMT

The funding, part of the EU’s Macro-Financial Assistance (MFA) program, follows the European Commission’s decision in December to release the loan after Egypt met specific policy conditions.

Cabinet: Foreign Direct Investments surged 11-fold during FY2023/2024

Tue, 31 Dec 2024 - 10:35 GMT

This growth highlights Egypt's growing attractiveness to international investors. The country drew in $46.1 billion in FDI, a dramatic leap from just $4.2 billion in FY2013/2014, marking nearly an 11-fold increase

AfDB agreement to support private sector development program approved by Parliament

Mon, 30 Dec 2024 - 03:50 GMT

The agreement, valued at $131 million, aims to bolster Egypt's economic diversification efforts and improve the business environment

Minister of Electricity and Dutch Ambassador discuss green hydrogen partnership opportunities

Tue, 03 Dec 2024 - 05:28 GMT

Minister of Electricity and Renewable Energy, Mahmoud Esmat, met with Peter Mollema, Ambassador of the Kingdom of the Netherlands in Cairo, to explore opportunities for deepening cooperation in various sectors, particularly green hydrogen and renewable energy projects.

New glass production project to support renewable energy industry growth: SCZone Chairman

Thu, 28 Nov 2024 - 01:24 GMT

El-Din underlined that the facility's production of flat and photovoltaic glass, which is used in solar panel manufacturing, will support the growth of renewable energy industries.

AfDB granted Egypt $1.46 billion in financing since 2022: Al Mashat

Wed, 16 Oct 2024 - 12:03 GMT

Al-Mashat noted the historical significance of Egypt's partnership with the AfDB, pointing out that the country is a founding member and contributed approximately 12.5 percent of the bank's initial capital.

France plays crucial role in Egypt's sustainable development efforts, co-op portfolio at €7B: El Khatib

Mon, 30 Sep 2024 - 11:23 GMT

With French investments in Egypt totaling €7 billion across 180 projects, France is recognized as one of Egypt's largest investors, explained El Khatib. contributing to approximately 50,000 jobs in various sectors, including manufacturing and telecommunications

Finance Minister outlines Egypt’s key financial policy priorities during London visit

Sun, 22 Sep 2024 - 12:31 GMT

During a recent visit to London, Finance Minister Ahmed Kouchok addressed over 200 investors from major financial institutions and investment banks across several meetings, presenting a comprehensive strategy aimed at stabilizing and transforming the nation's economy

China-Egypt bilaterial ties strengthen, China grants Egypt $14M for joint projects

Thu, 05 Sep 2024 - 11:55 GMT

Madbouly, who is attending the China-Africa Cooperation Forum (FOCAC), met with Zhao on Wednesday, praising China for its achievements in construction and urban development, positioning it as a vital ally in addressing global challenges

Egypt’s “economic complexity” and potential makes it Africa’s 3rd most attractive investment destination

Thu, 08 Aug 2024 - 01:39 GMT

Egypt’s government continues to intensify efforts to enhance its business climate to further attract foreign direct investments and stimulate private sector investments, as outlined in its State Ownership Policy Document

Egypt signs 4 agreements worth $33B to establish green ammonia projects in SCZone

Sun, 30 Jun 2024 - 04:51 GMT

The agreements, between the Sovereign Fund of Egypt (TSFE) and European developers, aim to bolster Egypt's renewable energy infrastructure, explained a cabinet statement on Sunday

Madbouly reaffirms Egypt’s commitment to developing investment climate in meeting with EBRD’s Rigterink

Sun, 30 Jun 2024 - 04:09 GMT

On the sidelines of day two of the Egypt-EU investment conference, PM Madbouly underscored Egypt's commitment to economic reform and its impact on fostering a conducive investment climate, citing achievements such as stabilizing the foreign exchange rate and supporting the private sector

Egypt-Italy agrees to explore a 4th phase of intercountry debt swap program

Sun, 26 May 2024 - 12:05 GMT

In an official statement from the MoIC, Quaroni shared that the Italian government is taking a keen interest in supporting the sectors targeted by Egypt’s Nexus of Water, Food and Energy (NWFE) Program

More