Egypt prepares FDI strategy targeting 16 priority sectors

RIYADH: Egypt is preparing to launch a foreign direct investment strategy covering about 16 priority sectors as it shifts from general investment promotion toward directly targeting investors based on priority sectors and opportunities, Investment and Foreign Trade Minister Mohamed Farid said. The strategy, being developed in partnership with the World Bank, will seek to match investors with opportunities aligned with Egypt’s economic priorities, production capacity and export goals. Farid made