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The Ministry of Investment and International Cooperation is the ministry in charge of
economic An economy is an area of the Production (economics), production, Distribution (economics), distribution and trade, as well as Consumption (economics), consumption of Goods (economics), goods and Service (economics), services. In general, it is ...
cooperation and development between the Arab Republic of
Egypt Egypt ( ar, مصر , ), officially the Arab Republic of Egypt, is a transcontinental country spanning the northeast corner of Africa and southwest corner of Asia via a land bridge formed by the Sinai Peninsula. It is bordered by the Mediter ...
and the Arab States, foreign countries, and international and regional organizations. It also aids in economic and social development within Egypt. Its headquarters are located in
Cairo Cairo ( ; ar, القاهرة, al-Qāhirah, ) is the capital of Egypt and its largest city, home to 10 million people. It is also part of the largest urban agglomeration in Africa, the Arab world and the Middle East: The Greater Cairo metro ...
.


Profile

The Ministry of International Cooperation was merged with the Ministry of Investment in September 2017. It is active in developing
financial inclusion Financial inclusion is defined as the availability and equality of opportunities to access financial services. It refers to a process by which individuals and businesses can access appropriate, affordable, and timely financial products and service ...
policy and is a member of the Alliance for Financial Inclusion. In late 2016, the ministry talked of receiving 120 million euros from the European Union for services to help the economically disadvantaged, for example, to expand the number of children receiving school meals, to aid families running small businesses, and to assist youth with employment skills.


Milestones

On 2 August 2017, the Minister, Sahar Nasar, reported that foreign investment in Egypt would exceed $10 Billion (US dollars). In 2016 Egyptian president
Abdel Fattah el-Sisi Abdel Fattah Saeed Hussein Khalil el-Sisi; (born 19 November 1954) is an Egyptian politician and retired military officer who has served as the sixth and current president of Egypt since 2014. Before retiring as a general in the Egyptian mil ...
had moved to float the Egyptian pound and this resulted in lower costs for doing business in Egypt. In 2018, the Minister announced that Egypt is working to diversify foreign investment stressing several times that the goal is to create jobs. Nasr stated Egypt is working to attract investments from Europe and the US, and continues improvements in cutting red tape when doing business in Egypt. Nasr talked about the improved social stability and Egypt's focus on developing
Sinai Sinai commonly refers to: * Sinai Peninsula, Egypt * Mount Sinai, a mountain in the Sinai Peninsula, Egypt * Biblical Mount Sinai, the site in the Bible where Moses received the Law of God Sinai may also refer to: * Sinai, South Dakota, a place ...
as a way of countering extremism. Nasr announced that as of August 2018, sole proprietors can license their company's thanks to improvements made to Egypt's Company's Law and described the limited tax liability benefits to those Small and Medium-sized Enterprises.


Ministers

* Fayza Aboulnaga, 2007 * Naglaa el-Ahwany was appointed on 17 June 2014 * Mrs.
Sahar Nasr Sahar Nasr ( ar, سحر نصر, born in 1964) is an Egyptian politician who served as the Minister of Investment and International Cooperation of the Arab Republic of Egypt (2015–2019). Education and career Born in 1964, Nasr graduated from ...
was appointed on 15 September 2015


See also

*
Cabinet of Egypt The Cabinet of Egypt ( ar, مجلس وزراء مصر) is the chief executive body of the Arab Republic of Egypt. It consists of the Prime Minister and the cabinet ministers. The government has a leading role in shaping the agenda of the houses ...


References


External links


Ministry of International Cooperation official webpage

Ministry of International Cooperation on FacebookEgypt's Cabinet Database
{{DEFAULTSORT:Ministry of International Cooperation
International Cooperation In international relations, multilateralism refers to an alliance of multiple countries pursuing a common goal. Definitions Multilateralism, in the form of membership in international institutions, serves to bind powerful nations, discourage u ...