Egypt’s Finance Minister: Business Climate Becomes More Competitive as Government Advances Investor Incentives
Ahmed Kouchouk, Minister of Finance, said Egypt’s economy is showing steady improvement through a strong partnership with the private sector, noting that the country’s business climate has become more competitive amid a clear government strategy focused on incentives and facilitation for investors.
Kouchouk made the remarks during a meeting with Kim Young-hyun, Ambassador of South Korea to Egypt, on the occasion of the conclusion of the ambassador’s term in Cairo. He expressed appreciation for the ambassador’s tangible efforts in strengthening economic relations between the two countries.
“Full appreciation for your concrete efforts in enhancing economic ties between our two nations,” the finance minister said, highlighting the growing momentum in bilateral cooperation.
Kouchouk invited Korean companies to expand and diversify their investments in Egypt, urging them to capitalize on the country’s promising economic opportunities and competitive advantages across multiple sectors. He emphasized that the government continues to pursue policies aimed at creating a more attractive, predictable, and investor-friendly environment.
For his part, Ambassador Kim Young-hyun said he would always cherish his time working in Egypt, praising the initiatives introduced by the finance minister to support both local and foreign business communities.
“I greatly value my experience in Egypt and commend the Ministry of Finance’s initiatives that support the domestic and international business environment,” the ambassador said, adding that Egypt has witnessed positive economic developments that encourage stronger private sector participation in economic activity.
Both sides underscored the importance of deepening economic cooperation and building on recent reforms to further stimulate investment and sustainable growth.