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Minister of Planning: Global Capital Becomes More Selective; Investment Success Now Measured by Technology Transfer
The Minister of Planning and Economic Development stated that global capital has become more selective due to geopolitical tensions and technological shifts. Success in investment is now measured by its ability to transfer technology, boost production, and enhance competitiveness. He indicated that foreign direct investment flows amount to approximately $1.6 trillion worldwide, with African investments reaching around $70 billion, supported by strategic resources and a growing market. He emphasized that Africa has significant opportunities to move from merely exporting resources to becoming a regional hub for industry and services, especially with the promotion of the Continental Free Trade Agreement. He also highlighted the importance of developments in Egypt’s investment environment, which focus on improving the legislative framework and streamlining procedures, thereby strengthening the capacity to attract long-term investments.
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