18 September 2018 07:58 PM

Minister: Egypt welcomes any Arab, foreign investor

Friday، 17 November 2017 - 12:53 PM

Minister of Investment and International Cooperation Sahar Nasr affirmed that the Egyptian government welcomes any Arab or foreign investor and works for facilitating procedures required to carry out their projects.

Nasr made the remarks on the sidelines of several meetings she held, along with Chairman of the Suez Canal Authority Mohab Mamish, with representatives of UAE’s authorities and companies during their visit to Abu Dhabi.

During their visit, the Egypt-UAE high joint committee convened for the first time after a 7-year halt, the Ministry of Investment and International Cooperation said in a statement on Friday 17/11/2017.

Mamish reviewed investment opportunities at the Suez Canal zone during talks with officials at DP World Group, the statement said.

Nasr and Mamish also met with Mustafa Abdel Wadood, the global head of Abraaj Capital Group, the top investor in emerging markets with total investments of $13 billion.

During the meeting, Abdel Wadood reviewed Abraaj’s investments in Egypt that exceeded EGP 3 billion in the fields of health, education, petrochemicals and retail business.

They also held separate meetings with managing director of the UAE’s al Dahra agricultural company Suleiman al Nuaimi, CEO of Abu Dhabi Future Energy Company (Masdar) Mohamed Jameel al Ramahi as well as with Emirates Steel's Chief Executive Saeed Ghumran al Remeithi.

The talks tackled injecting investments from the UAE companies in the Egyptian market.

MENA

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