TALKS FOCUS ON LEVERAGING HSBC’S INTERNATIONAL NETWORK TO ATTRACT EXPORT-ORIENTED INVESTMENT
On 3 March 2026 in Cairo, Eng. Mohamed El-Gawsaky, Chief Executive Officer of the General Authority for Investment and Free Zones (GAFI), met with Todd Wilcox, Chief Executive Officer of HSBC Egypt, and Nadim Habib, Head of Institutional Banking at HSBC, to explore avenues for promoting investment in Egypt abroad.
The discussions were held in implementation of the directives of Dr Mohamed Farid Saleh, Minister of Investment and Foreign Trade, aimed at strengthening the role of the private sector locally and internationally in advancing Egypt’s investment landscape.
Both sides agreed on the importance of presenting HSBC’s global client base with updates on legislative and procedural reforms within Egypt’s investment environment. HSBC’s international network of 42 million customers across 62 countries and territories was highlighted as a strategic platform, particularly as HSBC Egypt sharpens its focus on global trade and corporate banking in alignment with national plans to increase export-oriented investments.
The meeting also addressed the development of a joint promotional roadmap, including defined targets and timelines, to enhance the global perception of Egypt’s economic reform programme.
Eng. El-Gawsaky noted that Egypt’s economy has demonstrated resilience despite global and regional challenges, supported by sectoral diversification and infrastructure investments exceeding USD 550 billion over the past decade. He also referred to trade agreements enabling Egyptian goods and services to access markets in 70 countries, representing 3.6 billion consumers and approximately 60 per cent of global GDP.
Mr Wilcox stated that major international investors — particularly from China, India, the United Kingdom and the United States — have shown increasing interest in developments within the Egyptian economy. He added that improvements in infrastructure, including road networks and ports, have strengthened Egypt’s position as a regional hub within continental and global value chains.
Dr Dalia El-Hawary, Deputy CEO of GAFI, indicated that the Egyptian government, in cooperation with the World Bank, has identified 13 priority sectors under the National Strategy for Foreign Direct Investment in Egypt (2025–2030). She encouraged HSBC to introduce its clients to these sectors, which benefit from competitive advantages and supportive policies.
Ms Menna Moenes, Chinese Investment Promotion Representative at GAFI, added that Egypt is targeting Chinese investments in renewable energy and the automotive sector. Incentives include the establishment of a dedicated unit for Chinese investors within GAFI and the facilitation of transactions in Chinese yuan for financial and investment activities in Egypt.
Source : Invest In Egypt
