Following the recent industry minister's engagement with the Federation of Egyptian Industries (FEI), Mohamed Farid, Egypt's Minister of Investment and Foreign Trade, met with FEI Chairperson Mohamed El Sewedy to discuss expanding cooperation, bolstering industrial competitiveness, and advancing export goals.
The meeting built on ongoing government efforts to support Egypt's industrial sector, including the structured dialogue initiated by Minister of Industry Khaled Hashem earlier in March. Farid and El Sewedy reviewed opportunities to enhance collaboration between the Ministry of Investment and Foreign Trade and the FEI, focusing on strengthening production capacity and the competitiveness of Egyptian products in local and global markets.
Farid reaffirmed open communication channels with the federation to promote domestic production, improve the investment climate, stimulate industrial output, and expand exports. He stressed continued coordination as part of state initiatives to attract investment and position industry as a driver of economic growth.
El Sewedy praised the ministry's support and confirmed the FEI's commitment to joint initiatives for national industry competitiveness. Discussions covered business environment improvements, investor challenges, supply chain strengthening, local manufacturing, and studying specialized investment funds for sustainable factory financing and expansion—echoing financing themes from recent government-FEI talks.