Arab FinanceEngineer Hassan Al-Khatib, Minister of Investment and Foreign Trade, held an extensive meeting with a delegation from First Abu Dhabi Bank – Egypt, headed by Mohamed Fayed, CEO of the bank. The meeting discussed the possibilities of benefiting from the bank’s services in promoting investment opportunities and components in the Egyptian market in global markets, according to statement cabinet.
Al-Khatib pointed out the importance of taking advantage of the current changes taking place in global supply chains in localizing more industries in Egypt, in order to meet the needs of the local market and export to regional and global markets, especially since the Egyptian market represents a major hub for the markets of countries in Africa and Europe, adding that the government aims to conduct more Reforms to financial, monetary and trade policies in a way that contributes to making things easier for investors and facilitating the movement of Egypt’s foreign trade.
He also pointed out the importance of the banking sector in supporting the Egyptian economy, increasing investments, and securing and guaranteeing exports. For his part, Mohamed Fayed, CEO of First Abu Dhabi Bank – Egypt, stressed the bank’s keenness to support the Egyptian economic scene and its aspiration to provide all possible support to promote the distinguished investment opportunities and components available in the Egyptian market. By providing information and maximizing the use of the mechanisms and means available at the bank to serve the Egyptian economy, in addition to benefiting from the bank’s foreign branches, which number 18 branches, in promotion operations and attracting more investments to the Egyptian market.
Fayed added that the bank represents a major window for Emirati investments into the Egyptian market, noting the bank's keenness to increase the confidence of global capital in the Egyptian economy.
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