CAIRO – CEO of the General Authority for Investment and Free Zones (GAFI) Mohamed Abdel Wahab said on Monday the success of Qatari companies working in Egypt will be an important element for encouraging more companies to increase their investments in the country.
During a meeting with a delegation of the Qatari Businessmen Association, Abdel Wahab called on the Qatari side to benefit from the facilitations offered by the Egyptian government to encourage investments, pointing out that President Abdel Fattah El Sisi granted a golden chance for investors to receive an approval for their projects in a short time.
Abdel Wahab said the investment atmosphere in Egypt witnessed important developments recently as tax and investment incentives have been developed.
For their part, members of the Qatari delegation expressed keenness on investing in Egypt to increase Qatari investments in the country.
On Sunday, President Sisi affirmed during a meeting with the Qatari businessmen delegation Egypt’s keenness on fostering closer economic and trade cooperation with Qatar’s business community and companies, and increasing joint investment.
The meeting was held on the sidelines of President Sisi’s participation in launching the first international forum and exhibition for industry.
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