SHARM EL SHEIKH, Egypt – CEO of the General Authority for Investment and Free Zones (GAFI) Mohamed Abdel Wahab stressed the close economic relations between Egypt and the Netherlands.
Several Dutch companies are operating in Egypt in the sectors of manufacturing, services, communications, information technology, construction, and building, he added during his meeting with CEO at the Dutch Invest International Joost Oorthuizen.
During the meeting, Abdel Wahab also referred to the economic and legislative reforms undertaken by Egypt in order to improve its business environment.
He also pointed out to Egypt’s launch of its investment map, in addition to granting strategic projects a golden license.
An agreement was reached with Invest International to support the eco-friendly Dutch projects in Egypt, he added.
He further said that an agreement was also reached to look into the possibility of signing a memorandum of understanding (MoU) between the two sides to further enhance investment cooperation.
Meanwhile, Abdel Wahab also met with CEO of Philips company Mohamed Saad to discuss the company’s expansion plan in the Egyptian market, particularly in the innovative (LED) lighting solutions.
Philips plans to pump new investments into the Egyptian market in order to provide eco-friendly products.
Additionally, Abdel Wahab held a meeting with CEO of Vodafone Egypt Mohamed Kamel Abdullah to tackle the company’s expansion plan in the Egyptian market.
During the meeting, Abdel Wahab affirmed that the investment law provides several incentives to the technology sector, in addition to the incentives related to the societal role of the companies in spreading awareness.
