Egypt partners with Bank of New York to boost company financing and global access

Egypt is actively seeking to enhance its financial infrastructure and global reach through strengthened cooperation with the Bank of New York (BNY). Minister of Investment and Foreign Trade Mohamed Farid confirmed the ministry's commitment to deepening ties with BNY and other international financial institutions. This strategic move is designed to foster the development of innovative financing tools, broaden the investor base, and significantly improve Egyptian companies' capacity to access global markets.

The overarching goal of these efforts is to bolster the competitiveness of Egypt's national economy and stimulate an increase in foreign investment. Minister Farid emphasized that the Investment Ministry is focused on translating economic reforms into tangible actions. A key aspect of this strategy involves enhancing the experience for existing investors, which he identified as crucial for attracting new capital.

“

The goal is to support the competitiveness of the national economy and increase foreign investment.

Furthermore, the ministry plans to organize more targeted investment promotion events tailored to the specific interests of investors. This proactive approach aims to create a more conducive environment for business and investment. Farid highlighted the importance of improving the investor experience as a cornerstone of attracting new investment.

Both Egypt and the Bank of New York have agreed to maintain close coordination in the upcoming period. Their collaboration will build upon previous discussions, focusing on developing Egypt's capital market, strengthening the ability of Egyptian companies to tap into global markets, and ultimately attracting greater foreign investment. This partnership underscores Egypt's commitment to economic growth and integration into the global financial system.

“

The Investment Ministry is working to turn economic reforms into actionable steps, particularly by improving the experience of existing investors, noting that this is essential for attracting new investment.