Egypt is implementing integrated structural and institutional reforms to drive investment and export growth, Minister of Investment and Foreign Trade Mohamed Farid said on Tuesday. Speaking at a ministerial panel during the DCODE EFC annual event, Farid stated that the government is pursuing a gradual reform process to build investor confidence and improve the business climate. The effectiveness of these policies is measured by their ability to create an efficient environment for small and medium-sized enterprises.
Minister of Investment and Foreign Trade Mohamed Farid spoke on Tuesday at a ministerial panel during the DCODE EFC annual event about Egypt's integrated structural and institutional reforms aimed at boosting investment and exports. Farid emphasized that the reform process is gradual, designed to build investor confidence and enhance the business climate, with some short-term results visible and ongoing efforts for long-term sustainability.
The minister highlighted the priority on supporting small and medium-sized enterprises (SMEs), noting that the ministry is simplifying investment procedures and upgrading government services to enable investors to operate without complications. Key measures include accelerating the settlement of export subsidies and shifting toward digital services to minimize human intervention and speed up transactions.
Farid stressed the need for coordination among the ministries of finance, planning, and industry to align on a unified economic vision, which would expedite decision-making and deliver tangible benefits to the private sector. The government is also improving communication with the business community through regular meetings with export councils and chambers of commerce. On the domestic front, efforts focus on developing the entrepreneurship ecosystem, with effective financing as a key tool to help startups expand.
Addressing global trends, Farid pointed out that rapid technological and economic changes are reshaping the labor market, requiring Egypt to develop skills and align education and training with emerging market needs. The panel, moderated by DCODE EFC Managing Director Ali El Shereiei, featured Minister of Finance Ahmed Kouchouk, Minister of Planning and Economic Development Ahmed Rostom, and Minister of Industry Khaled Hashem.