The meeting was attended by Dr. Khaled Abdel Ghaffar, Deputy
Prime Minister for Human Development and Minister of Health and Population;
Claudine Caviac and Ibrahim Sami, strategic partners of major global luxury
brands; Major General Essam El-Naggar, Chairman of the General Authority for
Export and Import Control; Engineer Mohamed El-Gousky, Assistant Minister of
Investment and Foreign Trade for Planning, Development, and Digital
Transformation; and Dr. Amani Al-Wassal, Head of the Agreements and Foreign
Trade Sector at the Ministry of Investment.
Madbouly welcomed the delegates and affirmed Egypt’s
interest in collaborating with global luxury brands to establish a stronger
presence in the local market, emphasizing the role such brands could play in
promoting shopping tourism.
He noted the strength and size of the Egyptian consumer
market, pointing out that many Egyptians travel abroad for shopping, while
foreign tourists in Egypt increasingly seek access to global brands locally.
The Prime Minister also highlighted the impact of recent
economic reforms and the Central Bank’s adoption of a flexible exchange rate
policy, which have contributed to stabilizing the foreign currency market and
facilitating the flow of foreign capital.
Dr. Abdel Ghaffar reiterated the government’s commitment to
attracting international investment, citing the incentives offered to
investors, including exemptions under the Euro 1 certification system.
Caviac expressed her appreciation for Egypt’s development
and stability, noting her previous visits for both business and leisure. She
said she would explore opportunities for global brands to enter the Egyptian
market and communicate the findings to relevant international companies,
emphasizing her belief in Egypt’s promising investment potential.
She also expressed her ambition to help bring successful
global retail models to Egypt and provide a competitive shopping experience for
both Egyptians and tourists.
Ibrahim Sami voiced similar interest in investing in Egypt
and facilitating the entry of international brands into the market.
At the close of the meeting, Madbouly reaffirmed the
government's readiness to work with global brand representatives to implement a
roadmap for their presence in Egypt.