Investment Ministry Announces Promotional Efforts

EGYPT – Al-Mal News, 17 January 2017

The Ministry of Investment has said that it has commissioned Mohammed Khudair, CEO of the General Authority for Investment and the Free Zones, to convene meetings with foreign missions in order to promote investment opportunities in Egypt, amid the country’s efforts to improve the investment climate.

The ministry reported that Khudair had organised a series of meetings with the Japan External Trade Organisation (JETRO), to arrange a visit to Tokyo in mid-February. There he would meet with Japanese investors who are interested in investing in Egypt, the Middle East, and Africa, inform them of developments in the climate in Egypt, and display the opportunities for investment.

Khodayr also met with the Ambassador of Portugal and head of the Portuguese Trade & Investment Agency to consult on implementation operations for a cooperation agreement between the two agencies. The preparation of a protocol for visiting a Portuguese delegation interested in the Egyptian market was also discussed. According to a statement from the Ministry of Investment, the head of the Portuguese Trade & Investment Agency affirmed the interest of Portuguese investors in the Egyptian market, especially in light of the bold reforms carried out by the Egyptian state as part of its plan for sustainable development.

The chief executive attended a seminar at the Indian embassy to see how that country is making efforts to improve its investment climate, and delivered a speech illustrating the most important steps in this regard, such as the important features in the new draft investment law. He also met with representatives of major Indian companies which have investments in Egypt, to listen and learn about their problems, and to inform them of the role of the Ministry of Investment and his agency in the context of overcoming obstacles to investment. The Indian Ambassador emphasised his pride in Egyptian-Indian relations, and was greatly pleased by the reform measures currently being taken by Egypt.

 


Translated by Conor Fagan

Original article found here.

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