Egypt is making remarkable progress in advancing its business environment through the World Bank’s new B-READY initiative, a global benchmarking program designed to evaluate and improve conditions for private sector development worldwide. Speaking at the third meeting of the National Committee on the Business Ready report, Minister ElKhatib described the project as a “national priority,” emphasizing its importance not only for Egyptian investors but also for attracting international capital.
The B-READY initiative, which replaces the discontinued Doing Business report, serves as a key international index providing a detailed evaluation of how countries are improving their investment and private sector landscapes. Published annually by the World Bank Group, the report provides policymakers, businesses, and global investors with critical insights, helping them assess reforms, make informed decisions, and support sustainable growth. The initiative is directly aligned with the World Bank’s twin goals of eradicating poverty and promoting shared prosperity by creating an enabling environment where the private sector can thrive.
During the meeting, Minister ElKhatib revealed that Egypt’s National Committee has developed a comprehensive reform matrix consisting of 209 measures that address a wide range of areas, including legislative reforms, transparency in data, efficiency of operations, and the enhancement of digital services. These measures are not just on paper; they are being transformed into actionable decisions and legislative amendments aimed at creating a more efficient, transparent, and investor-friendly business environment.
Cairo Governor Ibrahim Saber further highlighted the importance of engaging the private sector and civil society in shaping the outcomes of the report. He noted that this inclusive approach is in line with President Abdel-Fattah El-Sisi’s vision to simplify investment procedures, enhance competitiveness, and make Egypt a more attractive destination for both domestic and foreign investors.
Egypt’s commitment to B-READY reflects a larger national strategy to modernize its economic institutions and align them with international standards. By building a flexible and effective institutional framework, the country is positioning itself to keep pace with global economic shifts and attract sustainable investments that fuel long-term development. Analysts suggest that this proactive engagement with B-READY not only strengthens Egypt’s credibility on the international stage but also reassures investors about the government’s seriousness in implementing meaningful reforms.
As the global economy faces uncertainty, Egypt’s determination to transform its investment climate through evidence-based reforms demonstrates its readiness to compete at the highest levels. By embracing transparency, efficiency, and inclusivity, Egypt is paving the way for a qualitative leap in private sector growth and positioning itself as one of the region’s most promising business hubs.
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