FM: Egypt seeking to attract more investments

Egypt’s Foreign Minister Badr Abdel-Aati has highlighted Egypt’s steady efforts to enhance its economic competitiveness and enable the private sector despite global economic crises and tensions in the regional surrounding.

Speaking to a large group of Emirati investors and international businesspeople during his visit to Abu Dhabi the other day, Minister Abdel Aati reviewed the efforts Egypt is exerting to attract additional foreign direct investments (FDIs), Foreign Ministry spokesman Ahmed Abu Zaid said.

Attending the meeting were representatives of Emirati and other investors and businesses operating in the fields of communications, energy, mining, ports and logistics.

Noting the large attention Egypt is paying to alleviate various administrative and logistical hurdles, Minster Abdel Aati said that Egypt is looking forward to attracting additional investments benefiting from the rewarding opportunities now available in the Egyptian economy.

Such efforts, Minister Abdel Aati said, have resulted in boosting the national economy’s competitiveness, empowering the private sector and attracting additional foreign direct investments, in addition to promoting Egypt’s potentials as a regional hub for European companies’ supply chains, and for transferring and trading in renewable and green energy.

“Egypt is making steady steps to enhance its economic competitiveness and empower the private sector despite the numerous global crises and regional challenges,” Foreign Ministry Spokesman Ahmed Abu Zeid quoted the minister as saying.
Discussions during the meeting focused on Egyptian economy’s tremendous potentials, particularly in view of the investment-incentive legislative environment, Foreign Ministry spokesman Abu Zaid said.
Emirati investors who took part in the meeting expressed keenness on developing their businesses in Egypt, especially in the fields of energy, tourism, real estate, communications, ports and logistics. They also lauded Egypt’s eagerness to remove any hurdles for investors, spokesman Abu Zeid said.