South Korean investment in Egypt is proof of a successful model and evidence that Egypt is qualified to attract local and foreign investors.
This statement by Minister of Finance Mohamed Maeet came during his meeting with Ambassador of South Korea in Cairo Hong Jin-wook today.
Egypt is well qualified to attract both foreign and local investments and is providing all necessary facilities to encourage production in sectors that are of national priority, the minister said.
“Egypt now offers tax incentives, a legislative environment and advanced infrastructure that meet the needs of investors,” the minister added.
He referred to the new investment procures taken by the state, including the Golden License, the Initial Public Offerings (IPO) programme and the State Ownership Policy Document, to boost local and foreign investments and removing any obstacles facing investors.
For his part, the South Korean ambassador said that his country is looking forward to fostering ties with Egypt, considered a strategic partner with an integrated, advanced infrastructure.
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