🇪🇬EgyptNorth Africa
Fitch report highlights Egypt's strong investment appeal and green transition efforts
via Egypt Today4 min read
Egypt has secured the third-place ranking in the Middle East and North Africa for investment openness, according to a Fitch Solutions report titled "Analysis of Egypt's Openness to Investment." The study, highlighted by the Cabinet’s Information and Decision Support Center, places Cairo 27th globally out of 202 markets. The International Monetary Fund projects that Egypt’s flexible exchange rate will attract significant Foreign Direct Investment over the short to medium term. The report attributes this momentum to a dynamic economy, strategic geographic location, competitive labor costs, and a large domestic market. Egypt aims to attract $60 billion in FDI between 2026 and 2030, a goal Fitch deems attainable given consistent annual inflows of $9 billion to $11 billion. Egypt holds the largest FDI stock in North Africa, trailing only Saudi Arabia and the UAE in the broader region. The "Golden License," introduced in May 2022, is a key part of Egypt’s investment strategy, allowing investors to gain approval for land acquisition, construction, and operation within 20 working days. The 2017 Investment Law, bolstered by 2023 amendments, offers tax exemptions, specialized areas like Free Zones and Investment Zones, and support for technological zones. Special Economic Zones, such as the Suez Canal Economic Zone, provide "one-stop-shop" regulatory services and reduced foreign ownership restrictions. Egypt is also diversifying its portfolio by leveraging natural and coastal assets, w
Free daily or weekly digest of the most important stories from across 18 African countries. No spam, unsubscribe any time.
This summary was AI-generated from a story originally published by Egypt Today.
Maria Zakharova, spokesperson for the Russian Foreign Ministry, commended Egypt's diplomatic efforts and its significant regional role, particularly in securing a ceasefire in Gaza. Speaking at the St. Petersburg International Economic Forum SPIEF 2026, Zakharova highlighted Egypt's strength and influence in the Middle East. She affirmed Russia's openness to global cooperation, emphasizing the importance of the Arab region and the shared, long-standing special relationship between Moscow and Cairo. Zakharova noted that Egypt's policies align with the will of its people, fostering strong opportunities for international cooperation, an approach similar to Russia's.
Must ReadU.S. President Donald Trump stated that significant progress has been made in negotiations with Iran, with the primary goal being to prevent Tehran from acquiring nuclear weapons. A key provision of any future agreement would be the immediate reopening of the Strait of Hormuz to maritime traffic, which Trump described as crucial for regional stability. He expressed confidence that the U.S. will achieve its objectives with Iran, through negotiations or other methods. Trump also mentioned that he had previously rejected the option of deploying special forces to seize Iranian nuclear materials to avoid past U.S. administration scenarios. While not currently seeking a meeting with Iran’s Supreme Leader, Trump did not rule out such a meeting if a final agreement is reached.
Egypt's Minister of Foreign Affairs, International Cooperation, and Egyptians Abroad, Badr Abdelatty, met with members of Japan’s House of Representatives and House of Councillors, including the Egypt-Japan Parliamentary Friendship Association, during his visit to Tokyo. Minister Abdelatty highlighted the rapid development of Egyptian-Japanese relations since their elevation to a strategic partnership in 2023, noting increased high-level visits and cooperation. He emphasized the importance of parliamentary cooperation and expressed hope for reciprocal parliamentary visits, inviting the association to visit Egypt. Abdelatty also acknowledged Japan’s support for major development projects in Egypt, such as the Grand Egyptian Museum, the Egyptian-Japanese partnership in education, and the Cairo Metro Line 4 project. He reviewed economic reforms in Egypt, stressing the enhanced competitiveness of the national economy and encouraging Japanese companies to invest in promising opportunities, particularly in the Suez Canal Economic Zone. The meeting also included discussions on regional developments in the Middle East, including the Gaza Strip, Iran, Syria, Yemen, Lebanon, and Egypt’s water security. Kuniko Inoguchi, a member of the Japan-Egypt Parliamentary Association, conveyed remarks on behalf of former Japanese Prime Minister Taro Aso, praising the historical ties and strategic partnership between the two nations and affirming the association's commitment to strengthening bilate
Egypt's Minister of Foreign Affairs, International Cooperation, and Egyptians Abroad, Badr Abdelatty, met with Yamada Kenji, Japan's State Minister of Economy, Trade and Industry, in Japan on Thursday. The discussion focused on strengthening economic and investment cooperation within the framework of the Egyptian-Japanese strategic partnership. Minister Abdelatty highlighted Egypt's commitment to elevating economic, trade, and investment relations to match the strong political ties between the two nations. He presented the positive developments in the Egyptian economy due to comprehensive economic reforms, emphasizing improved macroeconomic indicators and a more attractive business environment. Abdelatty positioned Egypt as a strategic platform for Japanese companies to diversify production centers and supply chains, leveraging its geographic location and free trade agreements for access to Arab, African, and European markets. He invited Japanese businesses to explore investment opportunities, particularly in new and renewable energy, green hydrogen, and low-emission ammonia, building on successful collaborations in the Suez Canal Economic Zone. The meeting also covered Egypt's efforts to localize industries such as electric vehicle manufacturing, renewable energy components, and water desalination technologies, seeking Japan's expertise. Furthermore, they discussed expanding cooperation in the transportation sector, including the development of Cairo International Airport an