Egypt pitches 16 sectors and a faster capital-increase platform to US investors
The investment minister said a new platform called Journey of the Minutes will soon handle company capital increases.
Investment and Foreign Trade Minister Mohamed Farid presented Egypt's investment opportunities to major US and international companies at a meeting hosted by the law firm DLA Piper in Washington. The session was held on the sidelines of the B20 USA 2026 business summit.
Farid presented a new foreign direct investment promotion strategy that targets 16 sectors, including pharmaceuticals, automotive manufacturing, electronics, textiles, chemicals, food industries, technology services, tourism and logistics. He said the strategy aims to attract investment, deepen local manufacturing and boost exports.
Farid said the platform would electronically link relevant authorities and unify procedures for approving minutes of general assemblies and boards of directors, reducing processing times. Separately, Planning and Economic Development Minister Ahmed Rostom met the Deputy Chief Executive Officer of the US International Development Finance Corporation (DFC) and invited it to join a World Bank-backed infrastructure project financing guarantee mechanism.
Why it mattersCompanies seeking to add capital in Egypt will face a platform meant to cut approval times and simplify requirements.