Cairo hosts Egyptian-French Business Forum

The Egyptian-French Business Forum commenced in Cairo today, attracting significant participation from top officials and business representatives from both countries.

During the opening session, Hossam Heiba, CEO of the General Authority for Investment and Free Zones, highlighted the importance of the visit by French President Emmanuel Macron to Egypt, describing it as a crucial step in advancing the strategic partnership between the two nations.

"This visit comes at a critical juncture as Egypt seeks to open broader avenues for international partnerships," said Heiba, stressing that both Egypt and France share a common vision for a future grounded in innovation, sustainable development, and mutual prosperity.

Heiba noted that under the leadership of President Abdel Fattah El-Sisi, Egypt has made significant strides in implementing structural economic reforms that have bolstered the investment climate.

He pointed out that Egypt attracted $46.6 billion in foreign direct investment in 2024, a clear indication of growing international confidence in the Egyptian economy.

Looking ahead, Heiba shared that Egypt has set ambitious targets for the coming years, including attracting $60 billion in foreign direct investments and raising exports to $145 billion. He also emphasized that the private sector is expected to contribute 65 percent of total investments by 2030, aligning with Egypt’s long-term economic growth strategy.

Heiba further revealed that France is one of Egypt’s key partners, with over $7 billion invested in the Egyptian market. French companies have also played a significant role in creating more than 50,000 job opportunities across various sectors.