Egyptian PM urges Gulf investors to expand investments in Egypt

CAIRO, Nov 10 (KUNA) -- Egyptian Prime Minister Mostafa Madbouly called on investors and business leaders from Gulf Cooperation Council (GCC) states to increase their investments in Egypt, particularly in priority sectors that support mutual economic interests and strengthen regional integration.
Speaking at the opening of the Egypt-Gulf Trade and Investment Forum, held in Cairo under the theme "A Roadmap to Strengthening Egypt-Gulf Economic Cooperation," Madbouly stressed the central role of the private sector in advancing economic, trade, and investment ties between Egypt and the Gulf, describing it as a key driver of regional development.
Madbouly said the forum reflects the strong mutual confidence in the economic performance of both sides and the shared interest in expanding development partnerships. He noted that GCC states remain among Egypt's most important trade and investment partners, and Cairo aims to deepen this cooperation so the Gulf continues as Egypt's leading economic partner.
He highlighted Egypt's comprehensive development drive over the past decade, including major infrastructure projects, the construction of over 20 new cities-such as the New Administrative Capital and New Alamein-and wide-ranging upgrades in transport systems, ports, and logistics.
The prime minister added that Egypt has introduced a series of incentives to attract foreign-especially Gulf-investment, supported by fiscal and monetary reforms.
Egyptian Foreign Minister Badr Abdelatty also addressed the forum, emphasizing President Abdelfattah Al-Sisi's commitment to strengthening Egypt-Gulf relations across political, economic, and cultural fields. He said the forum comes at a pivotal moment, reflecting the growing strategic partnership and the momentum of recent high-level meetings.
Abdelatty described the event as a key platform for Egyptian and Gulf business communities to explore promising opportunities in priority sectors-including industry, energy, food security, artificial intelligence, technology, tourism, and urban development-highlighting Egypt's strong human capital and over USD 600 billion invested in infrastructure projects during the past decade. (pickup previous) aff.dss