Counselor Mohamed Abdel Wahab, participated in the Egyptian-Saudi Business Council session

News
05-06-2022
Counselor Mohamed Abdel Wahab, participated in the Egyptian-Saudi Business Council session

​GAFI CEO Begins a Promotional Visit to Attract Qatari Investments to Egypt GAFI CEO and Minister of Commerce and Industry in Qatar discuss opportunities of joint investment cooperation Counselor Mohamed Abdel Wahab, GAFI CEO, started a promotional visit to Qatar, during which he will meet with investment decision makers and representatives of the business community in Qatar to discuss the injection of new investments into the Egyptian market, and undertaking investment partnerships with the Egyptian business community. Abdel Wahab met Sheikh Mohammed bin Hamad bin Qassim Al Thani, Minister of Commerce and Industry of Qatar to discuss enhancing investment cooperation between the two countries, in the presence of Amr El-Sherbiny, Ambassador of Arab Republic of Egypt in Doha, where the two sides agreed on the importance of coordinating field visits by the Qatari business community to Egypt, to discuss investment opportunities on the ground. GAFI CEO reviewed the investment opportunities of interest to Qatari investments, which are consistent with the economic trends of the two countries, especially in chemical and petrochemical industries, financial services, logistics services, real estate development, and tourism sectors. "The Egyptian economy enjoys many competitive elements, on top of which are the investment and trade agreements that Egypt concluded with its African and Arab neighbors during the past years. In addition to Economic Reform Program that the Egyptian government has efficiently implemented, and the huge investments in infrastructure that have contributed to the improvement of the business environment in Egypt, as well as many new investment facilitations and incentives approved by Prime Minister to attract more local and foreign investments.", GAFI CEO said. During the meeting, Sheikh Mohammed Bin Hamad Bin Qassim Al-Thani stressed the importance of the economic cooperation between the two countries, praising the Economic Reform Program implemented by Egypt over the past years, in addition to encouraging Qatari companies to examine the promising investment opportunities in Egypt. Moreover, GAFI CEO met with Mr. Abdullah Mubarak Al Khalifa, QNB Chief Executive Officer, to discuss the bank's expansion plans during the coming period, and to facilitate financing mechanisms for Qatari companies willing to set up investments in Egypt. Counselor Abdel Wahab presented a specific set of investment opportunities to QNB representatives to be assessed and introduced to Qatari companies as well as financing such opportunities. Furthermore, he pointed out that it was agreed with QNB CEO to form a work group to follow up and present the investment opportunities periodically to Qatari companies interested in implementing new investments in Egypt or expanding existing investments.​​​​

Tags

 

الكلمات

 
Related News