Abbas made these statements during his participation in a
discussion session titled “Investment Opportunities for Egyptians Abroad” at
the sixth edition of the Egyptians Abroad Conference. The session was held at
the invitation of Dr. Badr Abdelatty, Minister of Foreign Affairs, Immigration,
and Egyptian Expatriates Affairs, and was attended by Mr. Basil Rahmy, CEO of
the Micro, Small, and Medium Enterprise Development Agency; Major General Magdy
Anwar, Chairman of the National Service Projects Organization; Minister
Plenipotentiary for Trade Moustafa Sheikhoun, Vice Chairman of the Suez Canal
Economic Zone; Dr. Nahed Youssef, Chairperson of the Industrial Development
Authority; and Mr. Ahmed Abdel Rahman El Sheikh, Chairman of the Egyptian
Exchange.
He affirmed the success of ongoing cooperation and
coordination with the Ministry of Foreign Affairs, which enabled the Authority
to participate in previous editions of the conference. He confirmed the
allocation of a dedicated service window within the Authority for the
incorporation of economic entities established by Egyptians living abroad. He
also noted the establishment of a reception and advisory unit within the
Authority to provide guidance for Egyptian expatriates. The unit assists in
selecting optimal investment systems, understanding procedures, facilitating
company formation, and introducing available investment opportunities listed on
Egypt’s Investment Map, which includes approximately 2,000 opportunities.
Abbas invited Egyptian expatriates to take advantage of the
attractive investment environment in Egypt, especially in light of recent
infrastructure developments. Eighteen seaports have been established or
upgraded, 7,800 kilometers of new roads have been constructed, and there has
been a significant expansion in logistics service centers. These developments
have enhanced Egypt’s connectivity to global value chains.
He referred to the legislative environment, which is
characterized by both stability and flexibility. General incentives are granted
to all investments, while special incentives are offered to sectors prioritized
for accelerated development under the Egypt Vision 2030 strategy. The State has
launched two integrated strategies to support the automotive and green hydrogen
industries, attracting substantial investments in both sectors.
Abbas delivered a message of reassurance to both Egyptian
and foreign investors. He noted that a tiered mechanism has been established to
address investment-related challenges. This includes a Committee for Principles
and Procedures Facilitation, a dedicated center for negotiation and mediation
to resolve investment disputes, and the Central Administration for Investor
Care within the Authority, which has succeeded in resolving between 90 to 95
percent of investor issues in Egypt. In addition, a ministerial committee has
been established to resolve outstanding investment disputes.