The Egyptian Minister of Trade and Industry Ahmed Samir said that the Egyptian state is looking forward to increasing the participation of UAE companies in the investment and business domains in Egypt to benefit from the investment-luring atmosphere, incentives and facilitation offered by the Egyptian government for the investors in the different productive and service sectors.
This came in Samir’s speech during his participation in the Egyptian-UAE business council that was attended by UAE Minister of Economy Abdulla Bin Touq Al Marri.
Samir said the distinguished ties between Egypt and the UAE are based on deep understanding within the framework of fraternal relations binding both countries.
Samir pointed out to the historical relations between Egypt and the UAE, saying that Egypt has great keenness on pushing forward the economic ties with the UAE.
The UAE is the second biggest trade partner to Egypt in the Arab world, he said.
The investment atmosphere in Egypt witnessed several institutional reforms that aim at facilitating the measures for the investors to contribute to achieving positive results in the field of establishing companies, he said.
He asserted the stability of the currency policies in Egypt to allow transferring the profits of the foreign companies investing in Egypt abroad.
Samir urged the UAE business community to invest in the fields and sectors of promising investment opportunities in Egypt.
This meeting is a major step towards organising and intensifying interaction between the business communities in both countries to contribute to pushing forward the economic co-operation between them during the coming stage, he said, asserting the importance of the role of the private sector in both countries to achieve a leap in the economic and investment ties between them.
Meanwhile, Marri called on the Egyptian-UAE business council hold more meetings and activities to present ideas and visions.
The governments of Egypt and the UAE exerted strenuous efforts to lay down legislation and laws suitable for attracting investments, he said.
