The Ministry of Investment and Foreign Trade hosted a high-level meeting to discuss the executive framework of Egypt’s foreign direct investment strategy with the World Bank.
The meeting was attended by Mohamed Farid, Minister of Investment and Foreign Trade; Khaled Hashem, Minister of Industry; Ahmed Kouchouk, Minister of Finance; Ahmed Rostom, Minister of Planning and Economic Development; Hassan Raddad, Minister of Labour; Sherif Fathy, Minister of Tourism and Antiquities; and a World Bank Group delegation.
The World Bank presented an executive framework based on three main pillars: defining strategic objectives, building measurable implementation pillars, and identifying priority sectors.
Ministers stressed the need for coordination between economic and sectoral policies to support sustainable development goals and enhance the competitiveness of the Egyptian economy, including integration with industrial, employment and tourism strategies.