Follow-up – aware
Egypt’s Minister of Investment and Foreign Trade Hassan Al-Khatib announced on Sunday that the government has invested $300 billion in infrastructure development over the past decade.
The Egyptian Minister stressed the importance of continuing to develop this infrastructure to achieve economic growth in the country of no less than 6-7%.
This came during a roundtable meeting that included a number of Egyptian and foreign officials to discuss major economic and investment issues.
The meeting addressed a number of important issues that reflect the challenges and opportunities facing emerging markets, most notably global financial challenges and their impacts, and investment opportunities in Egypt and emerging markets.
The meeting also reviewed promising areas for attracting foreign direct investment, in addition to sustainable financing and renewable energy, as two essential pillars for achieving sustainable economic development in Egypt, with a focus on government efforts to develop these vital sectors.
Al-Khatib stressed the importance of enhancing international cooperation to confront global economic challenges and create a stimulating investment environment to attract foreign capital to the Egyptian market, pointing to the great opportunities offered by Egypt in the fields of infrastructure and renewable energy.
The Minister also pointed out the importance of cooperation between the public and private sectors as an essential part of achieving sustainable development, stressing the need to improve the investment environment by enhancing transparency and ensuring clarity of economic policies, which contributes to attracting more investments, with a focus on renewable energy, especially since Egypt has great potential to develop 100 megawatts of clean energy, which enhances its position as a regional energy hub in the future.