Minister of Planning and Economic Development Hala El-Saeed held a productive meeting with a delegation of 50 prominent British companies to explore opportunities for collaboration and joint investments.
These companies specialize in diverse sectors, including technology, environmental solutions, water, infrastructure, airports, and finance.
During the meeting, Minister El-Saeed highlighted the impressive growth of Egypt’s non-oil exports, which have surpassed $35.3 billion, marking a substantial 20 percent increase compared to the previous year.
She emphasized the significant simplification of investment procedures in Egypt, leading to a remarkable inflow of foreign direct investments amounting to $10 billion in 2024.
Egypt has set forth an ambitious structural reform plan to enhance economic flexibility and competitiveness.
According to an article by Egypt Today, the plan aims to increase the role and productivity of key sectors, such as industry, agriculture, communications, and information technology, to raise their contribution from 25% to 35% by 2027.
The Minister highlighted the green hydrogen projects in the Suez Canal Economic Zone. She emphasized Egypt’s commitment to developing industries related to green hydrogen to ensure the long-term sustainability of such investments.
During the meeting, the British delegation asked about investment opportunities in Egypt, which Minister El-Said addressed diligently. The delegation members recognized the resilience of the Egyptian economy in effectively navigating the global shocks affecting nations worldwide.
