Egypt targets top 50 global business readiness ranking with key reforms

Egypt aims to secure a spot among the world’s top 50 economies in terms of business readiness, with a three-month deadline to implement the necessary reforms, according to Minister of Investment and Foreign Trade Hassan El-Khatib.

Speaking at the second session of the National Committee for the 'Business Ready' report hosted by the ministry and attended by Cairo Governor Ibrahim Saber and other key government representatives El-Khatib highlighted the urgency of this goal.

The committee reviewed the findings from its second technical report and evaluated indicators of institutional participation.
“Our goal is to be among the top 50 globally in business readiness,” El-Khatib said, emphasizing the importance of swift reform implementation within the next three months.He called on all sectors to actively engage by completing the relevant surveys in the report, stressing that this is essential for a comprehensive and accurate evaluation of Egypt’s business environment. He noted that the procedural reforms needed are straightforward and can be implemented without delay, potentially transforming the country’s competitive standing.El-Khatib also underscored the opportunity to convert current challenges into meaningful reforms, citing Egypt’s advantages such as modern infrastructure (including ports and railways), a strategic plan for expansion in African markets, a skilled labor force with strong engineering capabilities, and abundant renewable energy resources.

Cairo Governor Ibrahim Saber confirmed the governorate’s full support for the Ministry of Investment and Foreign Trade in addressing any obstacles that might slow the reform process.The National Committee’s meetings are part of a broader national strategy to enhance Egypt’s institutional readiness for aligning with global business standards. The initiative aims to foster inter-agency coordination, build an adaptive and efficient institutional framework, and improve the overall investment environment in the country.