The joint statement was released by the ministries of investment, industry, finance, labour, tourism, and planning.
Egypt’s FDI strategy aims to shift the country’s reliance towards sectors with high productivity rates to support the national economy, diversify the country’s economic growth resources, increase FDI inflows, create job opportunities, and improve the investment climate.
Ministers of investment, industry, finance, planning, labour, and tourism met with a high-level delegation from the World Bank (WB) to discuss moving from strategic planning to implementing the strategy and improving coordination between economic and sectoral policies to enhance the competitiveness of Egypt’s economy. No timeline has been disclosed yet.
The strategy has reached a phase in which Egypt and the WB are working to identify and assess potential priority sectors that need policy improvements to attract foreign investment. The sectors are being selected based on their added value and export potential.
This comes as Egypt projects its total investments will reach EGP 3.7 trillion in FY 2026/2027, which starts on 1 July, and expects its investment-to-GDP ratio to reach 17 percent, rising to 20 percent by the end of the medium-term plan.
Moreover, the WB will support the implementation of the strategy through economic data analysis, global value chain studies, and by providing advice to the Egyptian government, the private sector, and international organizations.
Both sides will also focus on integrating industrial and investment policies, building institutional capacity, developing data systems, targeted investment promotion, and linking investment to structural reforms.
More meetings will be held in the near future to review the sectors, explore implementation mechanisms, and examine strategic opportunities.
Egypt has been looking to expand cooperation with the World Bank and the International Finance Corporation (IFC) in strategic sectors, utilizing the benefits of its $7 billion 2023–2027 strategic partnership framework with the WB, which focuses on sustainable growth.
Due to the ongoing conflict in the region, the country was also in talks this year with the WB and the IFC to boost competitiveness and address structural challenges in the industrial sector to advance private-sector-led growth.
This comes alongside the new $1 billion financing package the WB approved for Egypt in May to support job creation, strengthen macroeconomic stability, and enhance the economy.
Earlier this year, the World Bank maintained its projections for Egypt’s real GDP growth at 4.3 percent for the current FY2025/2026, which ends on 30 June, and 4.8 percent for FY2026/2027.
Meanwhile, as of the first quarter of 2026, Egypt estimated its GDP growth at around 4.9 percent and forecast it would reach 4.9 percent in FY2025/2026 and 4.8 percent in FY2026/2027.
It is worth noting that Egypt ranked ninth globally for FDI inflows in 2024, attracting about $47 billion, up from 32nd place in 2023.
In the first quarter of FY2025/26, net FDI inflows reached roughly $2.4 billion. During the first half of the same fiscal year, Egypt’s capital and financial account recorded a net inflow of $6.5 billion, while FDI inflows reached $9.3 billion.
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