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Promoting the Egyptian economy requires partnership and integration between embassies and trade offices:Foreign Minister receives Investment Minister
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Al MAl-
Dr. Badr Abdel-Aty, Minister of Foreign Affairs, International Cooperation, and Egyptians Abroad, received Dr. Mohamed Farid, Minister of Investment and Foreign Trade, on Sunday, August 23, to discuss strengthening joint coordination in support of efforts to attract investments, boost foreign trade, and achieve economic development.
Following the meeting, Dr. Mohamed Farid Saleh held an extensive meeting and dialogue with newly appointed Egyptian ambassadors to head diplomatic missions abroad. This meeting aimed to strengthen coordination between the two ministries, review efforts to attract foreign direct investment, promote available investment opportunities in various priority sectors, open new foreign markets for Egyptian exports, and enhance trade with various countries, in line with economic development goals and Egypt's Vision 2030.
Strengthening Cooperation between Embassies and Commercial Offices
The meeting also addressed ways to intensify institutional cooperation and partnership between the two ministries in promoting the Egyptian economy internationally. This will be achieved by enhancing coordination between Egyptian diplomatic missions and commercial representation offices, targeting promising markets and attracting foreign investment, and highlighting Egypt's progress in improving the investment climate and developing infrastructure. These efforts aim to enhance the competitiveness of the Egyptian economy and support the state's efforts to achieve economic development.
For his part, Dr. Badr Abdel-Aty, Minister of Foreign Affairs, International Cooperation, and Egyptians Abroad, stated that promoting the Egyptian economy requires partnership and integration between embassies and commercial offices, something they are constantly working on to achieve their objectives.
The Minister noted a significant improvement in the investment climate thanks to reforms and initiatives, as well as cooperation with commercial offices to achieve investment attraction and trade enhancement goals.
Attracting Investments and Increasing Egyptian Exports
Dr. Mohamed Farid, Minister of Investment and Foreign Trade, stated that the Ministry is working to protect Egypt's commercial and investment interests as a foundation for increasing exports and attracting investments with economic and social returns. He added that they are also developing stakeholder maps of global companies and factories that align with Egypt's development priorities and targeting them with promotional plans.
The Minister pointed out that the Egyptian economy is witnessing stability in macroeconomic indicators, and that the Ministry is working to change the perception of investment in Egypt.
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