investment
Egypt's economic growth recorded an increase of 5.5% in 2019, the highest in a decade.
The company's activities are focused on the manufacture and export of crackers and soft drinks.
The meeting tackled the company's current and future investments in the Egyptian market.
The agreements are to be referred to the parliament for further discussions on required legal measures pertaining to bringing them into action.
This came in a report prepared by the Planning Ministry on the state’s approach to develop the health sector in the country amid the impact of the novel coronavirus crisis.
The infrastructure developed at the SCZone has indeed helped lure investments, but the matter requires more billions of pounds to complete the infrastructure, he said.
This came in a report published by the Ministry of Planning to give analysis on the development of some indices related to the economic and social performance during the third quarter of the current fiscal year 2019/2020.
Samsung will open a new production line to manufacture computer monitors in August. It also plans to pump investments worth $84 million in the coming five years.
While the majority of start-ups need angel investments to grow, such investors have to be acquainted with exit options.
Saeed emphasized that women have a sustainable development agenda: Egypt's vision 2030 which has a large share of interest in order to enable it at all levels.
She added that government investments are planned to increase 33 percent from LE 211 billion in 2019/2020 to LE 280.7 billion during the next fiscal year.
She clarified that the directed amount increased 50 percent compared to 2019/2020 plan.
The increased investments allow expansion in the establishment of technological universities by establishing 6 new technological universities.
The boost will contribute to creating new jobs, paying financial dues of contractors and upgrading services, he said.
“Investments funded by the treasury are scheduled to increase to LE 230 billion, up from LE 140 billion, with an increase of 64 percent,” Hala el-Saeed stated.
The plan also includes the development of 79 hospitals and 294 primary care units in nine governorates.
The two sides discussed a number of projects, which the Military Production Ministry is currently studying in order to implement them in cooperation with several international companies.
The report expounded the accomplishments of the Investment Authority to improve the business atmosphere, including paying field visits to several governorates and meetings with investors, businessmen and representatives of banks.
This came on the sidelines of the annual PDAC Convention, the world's premier international event for the minerals and mining industry, held in Toronto, Canada.
Egypt works to create an investment-friendly climate and cope up with the international practices in the mining industry with an aim to turning the mining sector into a strong contributor to the country's national income.