GAFI CEO starts investment promotion visit to Qatar

CAIRO - 5 June 2022: CEO of the General Authority for Investment and Free Zones Mohamed Abdel Wahab has started a promotional visit to Qatar to discuss pumping new investments into the Egyptian market and establishing investment partnerships with the Egyptian business community.

 

Abdul Wahhab met with Qatari Minister of Commerce and Industry Sheikh Mohammed bin Hamad bin Qassim Al Thani to discuss strengthening investment cooperation between the two countries, the Cabinet's Media Center said.

 

The meeting was attended by Egypt's Ambassador to Qatar Amr El Sherbini.

 

The two sides agreed on the need to coordinate field visits to Egypt by the Qatari business community to discuss investment opportunities on the ground.

 

Abdel Wahab reviewed investment opportunities of interest to Qatari investments which go in line with the economic trends in both countries, especially in the sectors of chemical and petrochemical industries, financial services, logistics services, real estate development and tourism.

 

The Egyptian economy enjoys many competitive elements, mainly investment and trade agreements that Egypt signed with its African and Arab neighbors over the past years, the economic reform program that the Egyptian government has efficiently implemented and the huge investments in infrastructure which have contributed to improving the business environment, he added.

 

He pointed out to many new facilities and incentives for investment that are approved by the Prime Minister to attract more local and foreign investments.

 

Sheikh Mohammed bin Hamad bin Qassim Al Thani stressed the importance of economic cooperation between the two countries, praising the economic reform implemented by Egypt over the past years and encouraging Qatari companies to study promising investment opportunities in Egypt.

 

Abdel Wahab also met with CEO of Qatar National Bank Abdullah Mubarak Al Khalifa for talks on the bank's expansion plans during the coming period and to facilitate financing mechanisms for Qatari companies wishing to implement investments in Egypt.

 

He presented a set of investment opportunities to representatives of the Qatari bank to study and to agree to present them to Qatari companies and provide financing for them as well as expanding existing investments.