Int'l investment foundations praise improvement in Egypt's business climate

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Tue, 17 Oct 2017 - 02:26 GMT

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Tue, 17 Oct 2017 - 02:26 GMT

Minister of Investment Sahar Nasr - File Photo

Minister of Investment Sahar Nasr - File Photo

NEW YORK– 17 October 2017: International investment corporations have praised the efforts exerted by Egypt to improve the business and investment climate, voicing willingness to pump new investments to Egypt in the coming phase.

The remarks were made at a session held by the American Chamber of Commerce under the title of "Egyptian Economy.. Reform and Development" in coordination with the Egyptian-American Business Council and Hermes Financial Corporation.

Egyptian Minister of Investment and International Cooperation Sahar Nasr and Senior Region Vice President of Apache Middle East Company James House were present.

During the session, Nasr called on American investors to hold business in the Suez Canal Development Corridor, the New Administrative Capital and the New Alameen City. House, for his part, expressed his company's resolve to increase its investments to Egypt in the coming phase in view of the measures recently adopted by the Egyptian government to improve the investment climate.

Meanwhile, Nasr held a series of meetings with representatives of international financial foundations whose assets exceed dlrs 600 billion. The corporations include Alliance Bernsten, Oppenheimer Funds, Frontier 337, Perry Creek Capital, Briarwood Chase Management, Times Square Management, Deltec Asset Management and Mutimaز

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