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El Khatib met with investors, who praised recent improvements for shortening clearance times, speeding goods access, and cutting costs. They anticipate these changes will boost investment and encourage global companies to expand in Egypt.
Hassan El Khatib, Egypt’s Minister of Investment and Foreign Trade, has vowed to eliminate bureaucracy and streamline procedures to support investors and facilitate trade. His remarks came during an inspection of Ain Sokhna Port, part of his oversight of Egyptian ports.
The minister received a presentation from DP World detailing enhanced customs clearance procedures and reduced release times at the port. Reforms include a joint risk management system involving all customs agencies for faster processing, and an automated export cycle integrating relevant entities and shipping partners.
El Khatib met with investors, who praised recent improvements for shortening clearance times, speeding goods access, and cutting costs. They anticipate these changes will boost investment and encourage global companies to expand in Egypt.
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He inspected joint inspection committees and port yard operations, where regulatory bodies now complete all shipment procedures—inspection, valuation, and examination—simultaneously for efficiency.
