Qatari Businessmen Association Discuss Investment Opportunities in Egypt

Doha, June 05 (QNA) - The Qatari Businessmen Association discussed with Counselor Mohamed Abdel-Wahab, CEO of the General Authority for Investment and Free Zones, who is currently visiting Doha, investment cooperation between the two countries. The two sides agreed on the importance of coordinating field visits to the Qatari business community to Egypt to discuss investment opportunities on the ground.
HE Chairman of the Associations Board of Directors Sheikh Faisal bin Qassim Al-Thani, stressed the importance of economic cooperation between the two countries, praising the experience of economic reform implemented by Egypt over the past years, and encouraging Qatari companies to study promising investment opportunities in Egypt.
His Excellency added that the mutual economic opportunities between Qatar and Egypt to develop their cooperation in the trade and investment sectors are many and varied, thus contributing to the strengthening of their economy and the formation of a strong alliance capable of facing international challenges.
His Excellency pointed out that in addition to the importance of Qatari investments in Egypt to support the economies of the two countries, Egyptian residents in Qatar are considered among the most important supporters of Egypt's economy, by transferring their savings to their country.
His Excellency stressed that the economic opportunities in Egypt are great, and the Gulf countries are among the first investors there, and therefore Qatar has this potential, and the opportunity is available to invest in agriculture, energy, tourism, food security and food industries, in addition to investments in water, communications and information technology, as well as in the real estate sector.
For his part, Counselor Mohamed Abdel-Wahab, CEO of the General Authority for Investment and Free Zones reviewed the investment opportunities of interest to Qatari investors, which are consistent with the economic trends of the two countries, especially in the chemical and petrochemical industries, financial services, logistics, real estate development, tourism, technology, agriculture, and other productive sectors.
He said that the Egyptian economy possesses many competitive elements, on top of which are the investment and trade agreements that Egypt signed with its African and Arab surroundings during the past years, the economic reform program that the Egyptian government has efficiently implemented, and the huge investments in infrastructure, which contributed to improving the business environment in Egypt, as well as many new investment facilities and incentives approved by the Egyptian government to attract more local and foreign investments.
He added that attracting investments requires searching for solutions to all the challenges and obstacles facing investors, stressing that the Egyptian Investment Authority, according to the law, will solve all these problems.
He presented a specific set of investment opportunities to representatives of the Qatari Businessmen Association, to study it, and choose the appropriate projects for each investor according to his priorities. (QNA)