Egyptian Investment and Foreign Trade Minister Mohamed Farid pledged to streamline regulations and resolve operational hurdles for French businesses during a meeting with heads of 22 major French companies.
The meeting was attended by French Ambassador to Cairo Eric Chevalier. Participants discussed operational challenges, expansion plans and ways to deepen local manufacturing.
France is the largest European investor in Egypt outside the oil and gas sector, with cumulative investments of $8.5bn over the past 20 years and a direct investment stock of $1.56bn as of June 2025. Over 200 French companies operate in the Egyptian market.
Farid announced an institutional and legislative reform programme covering company formation procedures and capital increases. The minister directed the formation of joint working groups to address the companies’ proposals.