Qatari investors have the opportunity to participate in some 50 investment projects in Egypt, an official of Egypt’s General Authority for Investment and Free Zones (GAFI) said on Monday.
GAFI CEO, Counselor Mohamed Abdel-Wahab, made the statement during a meeting with Qatar Chamber chairman Sheikh Khalifa bin Jassim al-Thani, Qatar Chamber first vice chairman Mohamed bin Towar al-Kuwari, and other chamber officials, as well as Egyptian ambassador Amr Kamal el-Sherbiny.
During the meeting, Abdel-Wahab lauded Qatar’s interest in the available opportunities in Egypt, saying GAFI is offering a set of incentives and facilities for investors, whether in free zones or economic zones, among others. He called on Qatar Chamber to inform its members and other Qatari investors of the 50 investment opportunities in Egypt.
“The General Authority for Investment and Free Zones is prepared to help Qataris willing to invest in Egypt and inform them on the available opportunities and streamline procedures to commence their projects in a short time,” he said.
He called on Qatari investors to visit Egypt and invited the chamber and Qatari businessmen to attend the ‘Arab Investment Forum’, which is scheduled to be held in September in Cairo.
Sheikh Khalifa said the meeting touched on investment co-operation between the two countries, opportunities available on both sides, and incentives offered by the Egyptian government to attract foreign investors.
He lauded Qatar-Egypt ties, stressing that these relations have seen significant development over the past few years. Sheikh Khalifa confirmed the strong desire of Qatari investors to expand their investments in Egypt in various sectors like agriculture, industry, food security, real estate, tourism, infrastructure, and hospitality, among others.
Sheikh Khalifa lauded the development being witnessed by Egypt in terms of infrastructure and the economy. "The upcoming period will see more Qatari investments in Egypt and further co-operation between Qatari and Egyptian investors through the establishment of joint ventures and projects,” he added.
Abdel-Wahab discussed the procedures of doing business in Egypt and the most important incentives offered by the government for investors, and the role played by the General Authority for Investment and Free Zones as a focal point between investors and the Egyptian government.
During the meeting, both parties agreed on the importance to boost co-operation between both entities and the need to activate the Qatari Egyptian Business Council. They also discussed the possibility to hold joint fairs to promote Qatari and Egyptian products on both sides.
During the meeting, Abdel-Wahab lauded Qatar’s interest in the available opportunities in Egypt, saying GAFI is offering a set of incentives and facilities for investors, whether in free zones or economic zones, among others. He called on Qatar Chamber to inform its members and other Qatari investors of the 50 investment opportunities in Egypt.
“The General Authority for Investment and Free Zones is prepared to help Qataris willing to invest in Egypt and inform them on the available opportunities and streamline procedures to commence their projects in a short time,” he said.
He called on Qatari investors to visit Egypt and invited the chamber and Qatari businessmen to attend the ‘Arab Investment Forum’, which is scheduled to be held in September in Cairo.
Sheikh Khalifa said the meeting touched on investment co-operation between the two countries, opportunities available on both sides, and incentives offered by the Egyptian government to attract foreign investors.
He lauded Qatar-Egypt ties, stressing that these relations have seen significant development over the past few years. Sheikh Khalifa confirmed the strong desire of Qatari investors to expand their investments in Egypt in various sectors like agriculture, industry, food security, real estate, tourism, infrastructure, and hospitality, among others.
Sheikh Khalifa lauded the development being witnessed by Egypt in terms of infrastructure and the economy. "The upcoming period will see more Qatari investments in Egypt and further co-operation between Qatari and Egyptian investors through the establishment of joint ventures and projects,” he added.
Abdel-Wahab discussed the procedures of doing business in Egypt and the most important incentives offered by the government for investors, and the role played by the General Authority for Investment and Free Zones as a focal point between investors and the Egyptian government.
During the meeting, both parties agreed on the importance to boost co-operation between both entities and the need to activate the Qatari Egyptian Business Council. They also discussed the possibility to hold joint fairs to promote Qatari and Egyptian products on both sides.
