Middle East and North Africa Economist at Capital Economics, James Swanston, noted that even before the Ras el Hekma deal, investor sentiment towards Egypt had improved in recent months on the back of hopes that a new IMF deal will soon be secured.
Aboulghait emphasized that all projects in the Golden Triangle region are based on the principles of sustainability and commitment to green practices.
Zater added when asked about the Ras El Hikma deal, that exchange rate stability would attract investors.
Themis came during a session entitled,”Promotional efforts to attract foreign direct investment”.
Farid announced, during his speech at the annual summit of Capital Markets, Monday, the issuance of new rules for the listing and removal of carbon emissions reduction certificates in the coming days.
Through analyzing the evolution of net foreign direct investments over the past nine years, excluding the COVID-19 period, foreign direct investments entering non-petroleum sectors reached a net flow of $11 billion.
According to a government report, the Northwest Coastal region, with its various resources, is Egypt’s hope for absorbing the population increase over the next 40 years, estimated at about 34 million people.
The company stated in a filing to the EGX that the collaboration in implementing the Ras El Hikma project aligns with the group's strategy of creating continuous added value that benefits its shareholders by maximizing returns and creating additional value.
This directive was given during a meeting on Sunday, chaired by the Prime Minister, to monitor the provision of necessary financing in foreign currency for strategic goods and medicines.
The government expects the project to attract investments of up to $150 billion during its development, helping to provide millions of job opportunities and inject liquidity into the Egyptian economy.
the project represents the largest direct investment deal in the country's history, noting that it will bring $150 billion in investments to Egypt over the project's lifetime.
The deal involves $150 billion in investments during the project development period, including around $35 billion in direct investments for the Egyptian state within two months.
Al Lamki shared insights in an exclusive interview with ET during the Egypt Energy Show (EGYPS) 2024, marking the company's first participation in the conference, which Al Lamki described as impressive and exciting.
The signed agreements included a memorandum of understanding between the Ministry of Higher Education and Scientific Research in the Arab Republic of Egypt and the Ministry of Science, Technology, and Innovation in the Federal Republic of Brazil regarding cooperation in the fields of science, technology, and innovation.
Swailam told Egypt Today (ET) that in this difficult situation, the company’s goal is to establish a presence to support the Egyptian economy.
This came during her meeting with Egypt’s Prime Minister, Mostafa Madbouly, on the sidelines of the World Government Summit in Dubai.
During the press conference, the company has signed multiple collaboration protocols with regional and international partners.
With the escalating Houthi threats in the southern Red Sea, targeting ships heading to and from Israel to pressure the occupying state to cease the war on the Gaza Strip, several international shipping companies announced, earlier in December, a 200 percent increase in ship insurance costs.
Awani mentioned during a press conference that the number of visitors to the fair, whether in person or virtual, reached 28,282, with the number of exhibitors totaling 1,939.
The agreement was signed by Walid Gamal El Din, Chairman of the General Authority for the Suez Canal Economic Zone, and Khaled Hamza, Director of the European Bank for Reconstruction and Development office in Egypt.
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