PM Madbouly urges investors to double stakes as trade deficit hits low

Prime Minister Mostafa Madbouly urged business leaders to double their investments in Egypt, citing the country's lowest trade deficit in a decade and record non-oil exports as signs of a promising economic climate. Speaking at a meeting with export council heads and Investment Minister Hassan El-Khatib, Madbouly called on local and foreign investors to seize current opportunities.

In a meeting held on Monday, December 15, 2025, Prime Minister Mostafa Madbouly emphasized the attractiveness of Egypt's investment climate, stating: “Double your investments… the climate is attractive… and the opportunities are vast and promising, so seize them.” According to Investment Minister Hassan El-Khatib, Egypt achieved its lowest trade deficit in ten years during the first ten months of 2025, with non-petroleum exports reaching a record $40.7 billion, pushing total trade volume to $107.6 billion. The deficit narrowed by 16% year-on-year to about $26.3 billion, driven by a $6.5 billion annual export increase that signals real growth in productive capacity.

The United Arab Emirates emerged as the top destination for Egyptian exports at $6.3 billion, a 142% year-on-year surge. Export councils forecast positive growth for 2026, with the ready-made garments sector expected to expand 28-30% supported by investments from Egyptian, Chinese, and Turkish sources, aiming for $4 billion in exports. Shipments to Turkey rose 71%, and to Saudi Arabia doubled, capitalizing on regional near-shoring trends.

In real estate, “exports”—sales to foreign buyers—are projected to rise 30%, fueled by demand from Egyptian expatriates and Gulf nationals, particularly in Ras El Hekma and Alam El-Roum. The $35 billion Ras El Hekma deal with UAE's ADQ sovereign fund, along with Qatari Diar's multi-billion-dollar commitment in Alam El-Roum, bolsters the North Coast's appeal to Gulf capital. The furniture sector launched a new factory in New Alamein city to supply IKEA globally, reducing import reliance. Food industries target 15-18% export growth, while agriculture aims for at least 10%, with 95% local components, aligning with the national economic development narrative to boost exports 20% annually through 2030.

Madbouly concluded by praising the private sector: “You took risks and succeeded… so seize the opportunity,” he said. “All economic indicators are positive.”

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Following his recent meeting with export councils, Prime Minister Mostafa Madbouly projected Egypt's non-oil exports to reach $48-50 billion by year-end—a 20% rise from 2024—while confirming the $145 billion total exports target by 2030 is achievable amid the lowest trade deficit in a decade.

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Egypt is seeking to attract major global automakers to localize the production of electric vehicles and components as part of a national strategy to meet domestic demand and expand exports, Prime Minister Mostafa Madbouly said on Tuesday. The government is prioritizing the National Automotive Manufacturing Programme to transition toward clean energy and reduce reliance on traditional fuels. During a meeting with the ministers of industry, finance, and investment, Madbouly emphasized building a major industrial base capable of enhancing regional and international competitiveness.

 

 

 

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