At the start of the meeting, Dr. Farid extended his gratitude and appreciation to Engineer Hassan El-Khatib, the former minister, for his dedicated efforts during his tenure. He emphasized that the upcoming phase will build on these achievements and continue institutional development and ongoing reform, ensuring tangible results for both investors and citizens.
The minister highlighted the importance of establishing
genuine partnerships with investors based on trust and transparency, aiming to
enhance productivity and create new job opportunities.
Dr. Farid stressed that both domestic and foreign investors
are partners in success and development, and that cooperation between the
ministry and investors forms a cornerstone for enhancing the national economy’s
competitiveness.
He also emphasized that eliminating bureaucratic barriers
that hinder production must be a primary objective for institutions. These
obstacles should be replaced with clear and efficient procedures that
facilitate investors’ work and accelerate development.
During the meeting, the minister outlined a set of urgent
directives and priorities, including establishing a clear and specific
framework for the upcoming phase. This framework defines immediate priorities
and distributes roles and responsibilities across the ministry’s sectors and
affiliated authorities, ensuring swift action and tangible results on the
ground.
Dr. Farid stressed that the main goal of all directives is
to achieve a noticeable improvement in service delivery, allowing investors and
citizens to experience real ease in procedures and faster results.
He mandated that each entity set precise targets linked to
clear implementation procedures subject to regular monitoring.
The minister also emphasized the necessity of digitizing all
procedures to streamline workflows and reduce the time required to obtain
services, contributing to minimizing administrative complexities.
He pointed out that achieving economic objectives requires
full coordination and integration among the ministry’s sectors and affiliated
authorities, working as a unified team.
Dr. Farid directed that all administrative obstacles
hindering service efficiency be identified and addressed promptly and
systematically.
He called for intensified efforts to promote available
investment opportunities more clearly and attractively to investors. He also
stressed the importance of identifying untapped potential among exporters and
removing barriers that limit their access to foreign markets, thereby enhancing
the competitiveness of Egyptian exports.
The minister affirmed that the ministry prioritizes the
domestic investor as a key pillar of the economy, alongside efforts to attract
foreign direct investment, emphasizing that “everyone is a partner in
development.”
He further called for streamlining procedures, reducing
bureaucracy, and promptly addressing all challenges facing the business
community, transforming them into real investment opportunities through clear
and accessible processes.
The meeting was attended by Major General Essam El-Naggar,
Head of the Export and Import Control Authority; Engineer Mohamed El-Gossaki,
CEO of the General Authority for Investment and Free Zones; Minister
Plenipotentiary Essam El-Naggar, Head of the General Authority for Exhibitions
and Conferences; Accountant Amjad Mounir, First Assistant Minister for
Financial and Administrative Affairs; Counselor Mohamed Abazeed, Advisor to the
Minister for the Sovereign Fund; Minister Plenipotentiary Abdel Aziz El-Sherif,
Head of Trade Representation; Dr. Amani El-Wassal, Head of the Trade Agreements
Sector and CEO of the Export Development Fund; Ghada Nour, Assistant Minister
for Investment, Promotion, and Government Offerings; and Dr. Yomna El-Shabrawi,
Head of the Trade Remedies Sector.