Egypt Says Has Promising Opportunities for Foreign Investment

  • Date: 31-Jul-2021
  • Source: Asharq AL-awsat
  • Sector:Economy
  • Country:Egypt
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Egypt Says Has Promising Opportunities for Foreign Investment

Minister of Finance Mohamed Maait said Egypt is working on opportunities for local and foreign investment to create more jobs and strengthen the national economy.

In a meeting with the Indian Ambassador to Cairo, Ajit Jupiter, and his accompanying delegation, the minister asserted that Egypt looks forward to increasing the volume of foreign investments, especially in energy, petrochemicals, communications, information technology, iron and steel, transportation and communications sectors.

“We seek to attract new foreign investors, including Indians, to the government securities market,” he explained.

The minister referred to the depth of the bilateral cooperation relations between Egypt and India. "We seek to develop and advance them to broader horizons that achieve the interests of the two peoples."

The Ministry of Finance is keen to implement programs in cooperation with its Indian counterpart in various fields and hold meetings with the Indian business community to increase opportunities for investment between the two countries.

Maait explained that the ministry is working to overcome all obstacles and challenges that may face foreign investors, contributing to facilitating procedures, saving time and effort, advancing production, and maximizing the participation of the private sector.

He pointed out that Egypt continues to modernize and automate the tax and customs systems and simplify and