The ministry's announcement came following a preparatory meeting between Assistant Foreign Minister for Arab Affairs Ambassador Ihab Fahmy and a GCC Secretariat delegation led by Waleed Alhosani, head of the forum’s organizing team.
The delegation included senior economic advisors from the GCC Secretariat, alongside representatives from several Egyptian ministries and state bodies.
According to the statement, Fahmy stressed the importance Egyptian Foreign Minister Badr Abdelatty attaches to ensuring a wide and high-level participation in the forum from both officials and Gulf investors.
He underlined Egypt’s eagerness for the forum to expand trade and investment flows with GCC states, boost the presence of Egyptian and Gulf products in African, European, and Asian markets, and push forward the goal of deeper economic integration.
Fahmy also reviewed the forum's draft programme, describing it as an opportunity to showcase Egypt’s promising investment prospects in priority sectors, particularly amid recent economic reforms and incentives introduced for investors from GCC countries.
For his part, Alhosani thanked the Egyptian Ministry of Foreign Affairs for hosting the preparatory meeting, stressing the GCC Secretariat’s strong commitment to strengthening economic and investment ties with Egypt.
He highlighted ongoing coordination with member states to ensure the forum produces concrete outcomes.
Moreover, he praised Egypt’s rapid progress in modernizing infrastructure in recent years, including roads, transport networks, and the construction of new cities, led by the New Administrative Capital.
"The speed and quality of implementation reflect the capabilities of Egyptian companies and add to the country’s appeal as a destination for Gulf investment," he said.
Egypt’s external financing needs are expected to rise to $30.4 billion in FY2025/2026, up from $25.9 billion in the previous two fiscal years, before easing to $27.5 billion, the International Monetary Fund (IMF) said in its latest report, citing the impact of ongoing regional tensions.
The IMF also revised upward its estimate for Egypt’s financing gap in FY2025/2026, lifting it from $5.2 billion to $8.2 billion.
For FY2026/2027, the fund projected the gap to nearly double, reaching $6.1 billion compared to an earlier estimate of $3.2 billion.
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