The Minister emphasized that the Business Readiness report
is a vital national project for both Egyptian and foreign investors, noting
that the committee has made significant progress in achieving its objectives
and witnessed strong cooperation among all concerned entities.
El Khatib explained that the committee’s main goal is to
improve Egypt’s ranking in the new Business Readiness report, which will be
issued by the World Bank in 2026. He stressed that the government is targeting
inclusion in the list of the world’s top 50 economies in terms of business
readiness.
He added that the committee has identified a reform matrix
comprising 209 measures covering the legislative framework, the quality of
digital services, data transparency, and operational efficiency. These reforms
will be translated into executive decisions and legal amendments aimed at
enhancing Egypt’s business readiness.
For his part, Dr. Ibrahim Saber, Governor of Cairo,
underscored the importance of engaging the private sector and civil society in
the Business Readiness report, highlighting President Abdel Fattah El-Sisi’s
directives to facilitate procedures for investors.
The meetings of the National Committee on the Business
Readiness report come within the framework of the state’s efforts to strengthen
the preparedness of its institutions to apply international standards in the
business environment. The initiative seeks to ensure effective coordination
among government bodies and integration of their roles, with the aim of
building a flexible and efficient institutional system capable of keeping pace
with global developments and creating a qualitative leap in Egypt’s investment
climate.