Arab Finance: Engineer Hassan Al-Khatib, Minister of Investment and Foreign Trade, met with Thomas Lambert, General Manager of Lazard Freres SAS, which works in the field of investment management and provides portfolio management services, financial planning and investment consulting. The meeting reviewed the possibilities of enhancing joint cooperation within the framework of the state’s direction towards providing an attractive investment climate for investments. Local and foreign, the meeting was attended by Ms. Noha Khalil, Acting Executive Director of the Sovereign Fund of Egypt.
The Minister stressed that the Egyptian government is currently working on implementing further reforms to the monetary, financial, tax and trade policies, which would provide more incentives and facilities to the business community in Egypt, and attract more investments to the Egyptian market, due to its great investment potential and components, and its climate. Attractive to foreign investments, pointing out that the Ministry is keen to provide all means of support to investors and remove the challenges facing the business community.
Al-Khatib also added that the state is making great efforts to provide a conducive environment for an attractive investment climate for local and foreign investments, and to provide a real opportunity for the private sector to participate with the public sector (PPP) in the economic development that the country is witnessing as it is a major driver in economic growth, in light of the economic reform programs in Egypt. Pointing out that investments in sectors related to new and renewable energy, infrastructure, the automobile industry, and manufacturing industries represent a priority for the state in order to achieve sustainable development, in line with Egypt’s 2030 vision for development. Sustainable.
The Minister pointed out the Ministry’s keenness to facilitate the system of customs release of goods, which contributes to facilitating investment companies and the business community in Egypt, noting the efforts of the Sovereign Fund of Egypt in attracting more investments, within the framework of the state’s keenness to benefit from the management and exploitation of assets and companies owned by it. for the state as optimal for it.
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