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Egypt, World Bank Develop Investment Strategy

Summary by Sada El Balad
Egypt is working with the World Bank Group to develop an investment promotion strategy aimed at attracting foreign investment, boosting exports, and strengthening links between major projects and local industries, according to Investment and Foreign Trade Minister Mohamed Farid.
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Dr. Mohamed Farid, Minister of Investment and Foreign Trade, said that maximizing the contribution of foreign investment to the Egyptian economy requires a shift from a focus on attracting capital to directing it towards productive activities that can boost exports and create wider linkages with domestic industries. During his participation in the session on the role of the private sector in financing development in developing countries, he refe…

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alborsaanews.com broke the news on Tuesday, October 27, 2026.
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