Thursday 19/June/2025 – 02:21 PM
The Ministry of Investment and Foreign Trade, at the headquarters of the General Authority for Investment and Free Zones, hosted a joint press conference for Engineer Hassan Al -Khatib, Minister of Investment and Foreign Trade and Dr. Rania Al -Mashat, Minister of Planning, Economic Development and International Cooperation for the launch of the Global Investment Report issued by the United Nations Development and Trade Conference «Uctad), which monitors the most prominent foreign direct investment trends in the world in 2024 and Egypt between The most attractive countries for investments in light of the reforms implemented by the Egyptian government.
The report revealed that the Arab Republic of Egypt came in the ninth place in the world among the most attractive countries for foreign direct investments during the year 2024 with the size of investments amounting to $ 47 billion, advanced from the 32nd world in 2023, which recorded 10 billion dollars, with the support of the Ras Al -Hikma project and deals concluded by the state last year, and Egypt assumed its place in 2024 behind the United States with the first place, Singapore, Hong Kong, China, Luxembourg, Canada, Brazil and Australia.
The report pointed to the increase in foreign direct investment flows in Africa by 75% during the past year, increasing from 55 billion dollars in 2023 to 97 billion dollars in 2024, and Egypt topped the most growing and most attractive countries for investments in the continent with a growth rate of 373%, followed by Ethiopia, Cote d’Ivoire, Mozambique, and Uganda.
Foreign investment flows
The Global Investment Report 2024 explained that global foreign direct investment flows decreased by 11% in 2024 to reach 1.5 trillion dollars, compared to $ 1.67 trillion in 2023, while new projects that were established a slight increase in 3% witnessed to 19356 projects, and the advanced economies witnessed a decrease of 22%, while the level of investment stabilized in developing countries, and the flows increased in the two countries The least developed of 9%.
Eng. Hassan Al -Khatib, Minister of Investment and Foreign Trade, said – in his speech – that the launch of the 2025 Global Investment Report in Egypt confirms the great progress made by the state in the fields of private sector investments, infrastructure and digitization, noting that the vision of the Egyptian state includes building a competitive, open and globally integrated economy, in which the private sector is the main driver of sustainable growth.
Al -Khatib pointed to the state’s commitment to establish a clear, transparent and predictable business environment, and its keenness to comply with economic reforms with the sustainable development goals and the vision of Egypt 2030, explaining that the year 2024 witnessed radical transformations in relation to foreign direct investment that included increasing investor confidence and strategic partnerships, pointing out that the volume of foreign direct investment in Egypt in 2024 recorded the highest rate of investment increase for the state during a year One, where the Agreement for the Development of Ras Al -Hikma contributed to this significant increase.
Al -Khatib explained that the Ras Al -Hikma project reflects Egypt’s position as a regional investment axis, noting that the project contributed to enhancing the investor’s confidence in the Egyptian economy, and stimulating the creation of job opportunities and sectoral growth. The project will also contribute to creating thousands of job opportunities and developing construction, tourism, infrastructure and services, in addition to being a major axis of strategic investments in the fields of real estate development, beach tourism and logistics.
The minister added that the national investment strategy of Egypt 2025-2030 targets strategic sectors to lead the economic development system in Egypt that includes green energy, digital industries, infrastructure, tourism, hotels, transportation, logistics and advanced industries, pointing out that the strategy is based on several major axes that include a competitive investment framework, programs for sectoral reform and business climate reforms as well as policy stability, Whereas, the Ministry pays great attention to digitizing the services provided to investors, as the investment platform was launched to provide services to investors, providing 389 services, which contributes to reducing bureaucracy and facilitating investors.
Al -Khatib stressed that the government is working to provide incentives for strategic investments, especially those related to green and clean technology, noting that the law of green hydrogen incentives allows investors tax exemptions, customs facilities and lands related to land and infrastructure, noting that Egypt is being prepared to participate in the report of the International Bank’s business readiness, which will be issued during the month of September 2026 where a high committee has been established to coordinate National efforts in this regard.
For her part, Dr. Rania Al -Mashat, Minister of Planning, Economic Development and International Cooperation, explained that the year 2024 witnessed transformations in global investment patterns, while the Egyptian presence was strong in the field of attracting foreign direct investments as stated in the report of the United Nations Trade and Development Conference (UNCTAD), noting the efforts made by the Egyptian government through the implementation of an ambitious agenda that places industry, exports and investments Direct top priority for economic development.
Al -Mashat pointed out that these efforts are mainly based on enabling the private sector through structural reforms that enhance sustainable growth and flexibility in the face of variables, and work to stimulate job creation, enhance productivity, and increase added value.
In turn, Richard Polwin, director of the investment research branch in “UNCTAD”, stressed the necessity of international cooperation to help developing countries to overcome the fluctuations of the investment environment, noting that the results of this year call for renewing efforts to mobilize private investments to achieve sustainable development, especially in economies facing structural restrictions.
