CAIRO – Egyptian Finance Minister Mohamed Maeet asserted the ministry’s keenness on providing a luring environment for local and foreign investments to deepen partnership with the private sector especially amid the development mobility in Egypt in a way that could push forward production and enhance the infrastructure of the national economy.
These remarks were made by the minister during his meeting with Saudi Ambassador in Cairo Osama Ahmed bin Al Naqli on Monday.
Maait pointed out that the state has introduced a wide range of constitutional and legislative restructuring which has already reflected on modernising the customs and duty system so as to comply with international standards and ease any services offered to the business community and lure investments in the various sectors.
He said the state has been keen on opening up new investment horizons before the Saudi investors to benefit from the investments offered by the Saudi Public Investment Fund in establishing the pillars of comprehensive and sustainable development.
Meanwhile, the Saudi diplomat reiterated that his government was keen on upping the volume of Saudi investments in Egypt in light of the promising investment opportunities offered by the Egyptian government.
El Naqli added that the Saudi Public Investment Fund, the investment arm of the Saudi government, was keen on seeking new investment opportunities in Egypt and other sisterly Arab countries with the aim of beefing up economic ties.
The two sides asserted the depth and strength of strategic ties binding the two countries as well as the resolve of the two leaderships on further pushing them forward to achieve the best interests of both peoples.
Finance Minister Adviser for Foreign Relations Hossam Hussein and Head of the Investors Support Unit Nesereen Lashin attended the meeting.
