The two ministers discussed ways to boost economic relations, trade, and investment cooperation between the two nations.
Minister El Khatib affirmed that Egypt is currently open for
business, with the government committed to creating an attractive investment
environment to restore the country's position on the global investment map. He
noted that numerous significant measures have been taken to improve the
investment climate.
El Khatib detailed that Egypt’s economic reform program is
designed to provide a supportive legislative environment by reforming relevant
laws, offering incentives, ensuring governance, facilitating cross-border
trade, and developing regulatory tools to ease the process of investing and
starting businesses.
A key development highlighted by El Khatib is the Golden
License, a single, comprehensive approval for the establishment, operation, and
management of a project. He noted that the license has already been granted to
49 companies across diverse sectors, including chemicals, engineering
industries, pharmaceuticals, tourism, transport, logistics, and electricity.
The Minister stressed Egypt’s eagerness to deepen bilateral
cooperation, particularly in the sectors of automotive manufacturing
(especially electric vehicles), Artificial Intelligence (AI), Information
Technology (IT), digital transformation, and clean energy, which are of high
importance to both governments.
For his part, Bulgarian Minister Dilov valued the strong
historical relationship between the two countries. He affirmed Bulgaria's
interest in strengthening economic relations, boosting bilateral trade, and
increasing mutual investments.
Dilov explained that Bulgaria shares a similar economic vision with Egypt, focusing on enhancing competitiveness and implementing digital transformation as a fundamental tool to boost the efficiency and competitiveness of the Bulgarian market. He also highlighted Bulgaria’s commitment to supporting Small and Medium Enterprises (SMEs), enabling them to access finance and penetrate markets.