Egypt, Netherlands discuss ways to increase investment cooperation between two countries

CAIRO – 2 September 2021: CEO of the General Authority for Investment and Free Zones, Mohamed Abdel Wahab, discussed Thursday with Moritz Chatfield, the Dutch ambassador to Egypt, ways to activate and increase investment cooperation between the two countries.

In a statement issued, Thursday, Mohamed Abdel Wahab stressed the depth of the Egyptian-Dutch investment relations, pointing out that the Netherlands ranks second as the largest investing country in Egypt.

He said that the Investment Authority seeks to open more prospects for cooperation with the Dutch side; to attract and encourage Dutch investments in Egypt to deepen the benefit of Dutch expertise in many vital sectors, the most important of which are agriculture, petroleum and financial services.

For his part, the Dutch ambassador praised the economic reforms recently undertaken by Egypt and the positive results witnessed by the Egyptian economy, pointing out his appreciation for the role of the General Investment Authority in supporting the Dutch investments in Egypt, which encourages the settlement of more Dutch investments there.

At the end of the meeting, the two parties agreed to hold intensive bilateral meetings, in the presence of embassy representatives, with major Dutch companies interested in investing in Egypt. In order to familiarize the Dutch business communities with the investment opportunities available in the targeted economic sectors, work to solve any challenges facing Dutch investments in Egypt, and support them in their investment expansions.