CAIRO – CEO of the General Authority for Investment and Free Zones (GAFI) Mohamed Abdel Wahab has stressed the high added value of German investments in Egypt.
During a meeting with a delegation of major German companies, Abdel Wahab voiced Egypt’s keenness to make use of Germany’s modern technology in the industrial sector.
He noted that nearly 70 German companies were founded in Egypt last year, while the flows of Germany’s foreign direct investments into Egypt increased by 12 per cent within one year.
Abdel Wahab also reviewed efforts made by the Egyptian government to create an attractive investment environment for businessmen.
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