Egypt: Cooperation agreement to attract investments during the upcoming African Health Forum
A study to provide medical insurance coverage for foreign tourists in cooperation with international organizations.
Written by Ziad Abdel Fattah:
The Financial Regulatory Authority and the healthcare authority in Egypt have agreed to prepare for the signing Cooperation Protocol A formal agreement for strategic cooperation between the two bodies will be signed during the Africa Health ExCon 2026 event in mid-June, to collaborate on several projects aimed at attracting local and foreign investments.
The fifth edition of the African Health ExCon exhibition and conference will take place from June 15 to 18, 2026, at the Al Manara International Conference Center and the Egypt International Exhibition Center (EIEC) in Cairo, Egypt.
African Health Forum Promotes Investment
The forum is the premier health event in Africa, and aims to connect healthcare leaders and innovators to promote investment and ensure equitable access to medical technology.
The two bodies intend to cooperate on several projects studied by the Healthcare Authority, which aim to attract local and foreign investments through the capital market, such as listing major healthcare entities on the stock exchange and expanding their ownership base, as well as establishing investment funds specializing in health and treatment services.
Providing medical insurance coverage for tourists
Regarding the medical tourism file, the two authorities are expected to cooperate in providing medical insurance coverage for foreign tourists in cooperation with international bodies, which will raise the competitiveness of Egyptian medical services globally. Dr. Ahmed El-Sobky reviewed the results of his recent visit to the Russian Federation, and the positive discussions he had with the Russian side regarding cooperation to provide medical insurance services for more than 2.5 million Russian tourists who visit Egypt annually, given Egypt’s competitive prices and advanced medical services that qualify it to be a leading destination for medical tourism in the region.
This came during a meeting between Dr. Islam Azzam, Chairman of the Financial Regulatory Authority, and Dr. Ahmed El-Sobky, Chairman of the General Authority for Healthcare and General Supervisor of the Comprehensive Health Insurance Project, in the presence of a number of leaders of the two authorities, to discuss joint cooperation and integration of roles between the non-banking financial and health sectors, in support of the goals of the Egyptian state and Egypt’s Vision 2030, and to contribute to the development of health services and the sustainability of the comprehensive health insurance system.
Al-Subki pointed out that the expected annual volume of transactions in the medical insurance industry in Egypt may reach between 300 and 400 billion pounds during the coming years, which reflects the size of the promising investment opportunities that require the combined efforts of various state institutions and the private sector to exploit.
For his part, Dr. Islam Azzam stressed the Authority’s keenness to develop the medical insurance and healthcare activity to encourage opportunities for expansion and growth of the sector, including setting the regulatory framework for the Healthcare Program Management (TPA) activity for the first time and integrating it within the non-banking financial services system.
He stressed the need to take advantage of the increased public awareness of the importance of investment funds, especially among younger generations, which has positively impacted growth indicators during the first quarter of this year, as well as the global increase in demand for investment in health and education services. Egypt has the necessary qualifications to achieve rapid progress in expanding, deepening, and developing the market, in terms of the number of participants, increased awareness, and the new investment tools available.
The meeting also addressed the launch of a joint program to raise awareness in the health sector about investment mechanisms in non-banking financial activities, and both sides agreed to form a joint working group to coordinate on these matters.
