Hossam Haiba, CEO of the General Authority for Investment and Free Zones, announced that the Egyptian government’s continuous efforts to attract investments have borne fruit, as Egypt ranked ninth in the world and the first in Africa in terms of investments, with net investment flows of $ 46.1 billion during the fiscal year 2023/2024, as reported by Official communiqu بيان Issued by the Cabinet.
These statements came during the Egyptian-Bahraini Business Forum, which was organized by the Authority and attended by a number of prominent figures, such as Eng. Hassan Al Khatib, Minister of Investment and Foreign Trade, Ahmed Kajouk, Minister of Finance, and a number of senior officials from the Kingdom of Bahrain, where they discussed ways of cooperation and strengthening economic relations.
He pointed out that the strategy of the Authority is based on providing services and incentives in line with the requirements of different sectors, with the aim of achieving the vision of the Ministry of Investment to raise the volume of exports to $ 140 billion by 2030. He also called on the Bahraini business community to explore the investment opportunities available in Egypt, whether by looking at the investment map, which includes about 1200 opportunities, or through field visits to investment areas managed by the Authority.
For his part, Samir Nass, Chairman of the Bahrain Chamber of Commerce and Industry, expressed the importance of following the developments of the investment environment in Egypt, pointing out that this contributed to enhancing the desire of Bahraini institutions to establish partnerships with their Egyptian counterparts. He stressed Bahrain’s interest in various fields such as medicine, education and digital transformation, where Bahrain has competitive advantages and deep expertise in these fields.
