Egypt’s Al-Sisi Calls for Investment Boost, Industrial Growth
Egyptian President Abdel Fattah Al-Sisi has emphasized the demand to remove obstacles to investment and bolster the industrial sector to drive local production and attract increased foreign and Arab investment. The call came during a meeting with Prime Minister Mostafa Madbouly and key ministers on Wednesday, March 26, 2026, according to a presidential statement.
Key Participants in the Meeting
The meeting included Deputy Prime Minister for Economic Affairs Hussein Issa, Transport Minister Kamel Al-Wazir, Investment and Foreign Trade Minister Mohamed Farid Saleh, and Industry Minister Khaled Hashem. Daily News Egypt reported on the discussions.
Focus Areas of Discussion
Discussions centered on government initiatives to support investment, foreign trade, and local industry, with a particular focus on securing essential production inputs and raw materials for factories. Al-Sisi highlighted the importance of localizing industry through partnerships with the private sector and increasing both domestic and foreign investment to establish Egypt as a regional industrial hub.
Addressing Economic Challenges
The president also stressed the need to protect local industries from unfair trade practices and mitigate the pressures of rising production costs amid global economic challenges. Ensuring stable supply chains and maintaining sufficient foreign currency reserves to secure essential goods and production inputs were also key priorities discussed. The presidential statement emphasized these points.
Government Commitment to Private Sector Growth
These developments align with the Egyptian government’s ongoing commitment to expanding the role of the private sector in economic growth. Prime Minister Mostafa Madbouly has affirmed the government’s continued efforts in this direction, with a final version of related plans to be submitted to President Al-Sisi for approval. The State Information Service reported on this commitment on March 17, 2026.
Recent Government Reshuffle
Egypt recently underwent a cabinet reshuffle, with Mostafa Madbouly remaining as Prime Minister. The new government took the constitutional oath before President Abdel Fattah el-Sisi. Zawia provides details on the recent changes.
About Abdel Fattah Al-Sisi
Abdel Fattah Saeed Hussein Khalil el-Sisi has been the President of Egypt since 2014. Prior to his presidency, he served as Minister of Defense and Commander-in-Chief of the Egyptian Armed Forces from August 2012 to March 2014. Wikipedia provides a comprehensive overview of his career.