Arab Finance: Engineer Hassan Al-Khatib, Minister of Investment and Foreign Trade, participated in the monthly meeting For ambassadors of Asian countries And the Pacific Ocean in Egypt, which was organized by the New Zealand Embassy in Cairo, at the invitation of Ambassador Dominic Goh, Ambassador of Singapore, Chairman of the Asian Group, and Ambassador Amy Lawrenson, Ambassador of New Zealand, Vice-Chairman of the Group. The meeting was attended by 20 ambassadors of Asian countries in Egypt, along with Ambassador Ahmed Shaheen Musaed. Minister of Foreign Affairs for Asian and Pacific Affairs and Australia.
Minister Al-Khatib explained that the Egyptian government seeks to localize and deepen local industry and manufacturing, raise production rates and increase exports. He pointed out that the government seeks to enhance the role of the private sector as a main driver of economic growth, as it participates in many development projects that the state is working on, including Infrastructure projects, new cities, and the new administrative capital.
The Minister pointed out the government's keenness to provide all aspects of support for local and foreign investments in Egypt, as it is working during the current stage to provide more facilities to investors by facilitating investment procedures.
Al-Khatib reviewed the tax facilities and investment incentives recently approved by the Egyptian government, as well as the Ministry of Investment’s vision to reduce non-tax financial burdens on companies operating in Egypt, in order to create a more competitive and attractive investment environment for investment, pointing out that the Egyptian market possesses many components. And the distinguished investment opportunities and potentials, which include the geographical location and the availability of qualified labor at competitive prices compared to other countries, as well as the availability of qualified engineers, competitive wages and the availability of land and industrial areas, in addition to Egypt’s connection to a large number of free and preferential trade agreements, which contribute to increasing the competitiveness of the product. Egyptian in global markets.
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