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More Emirati Companies Invest in Egypt, Says Abu Dhabi Holding

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Egyptian Prime Minister Mostafa Madbouli met today Sunday with Abu Dhabi Holding Company Chairman Mohamed Al Suwaidi to discuss a range of investment opportunities.

The meeting took place in the presence of Egyptian Minister of Planning and Economic Development Khal Al-Saeed and Director General of the Egyptian Sovereign Fund Ayman Suleiman.

During the meeting, Madbouli confirmed the continued efforts of the Egyptian State to implement and take many steps and measures that will create an attractive climate for local and foreign investment in various sectors, in order to glorify what we have from promising investment potentials and opportunities, referring to a number of measures taken by the state as part of efforts to improve the investment climate, encourage and attract investors to pump in new investments, or expand existing investments, and that among these measures is that related to obtaining a gold license for the state’s targeted projects in a number of important sectors.

For his part, the Chairman of the Board of Directors of Abu Dhabi Holding Company drew attention to the meetings and meetings that were held with Hala Al-Said, as well as officials of the Sovereign Fund of Egypt, on research and study of pumping new investments in a number of promising sectors and opportunities.

He pointed out that investments in Egypt since 2014 amounted to about $4.3 billion, which reflects the amount of interest in the Egyptian market, explaining that a large number of Emirati companies are currently working on many projects.

He touched on their desire to invest more in a number of companies, confirming their interest in the investment portfolio in Egypt as a promising market, and given its potential and opportunities, pointing to the coordination and cooperation that takes place in this connection with the Egyptian Sovereignty Fund, various government institutions, as well as many private sector institutions.

During the meeting, a number of investment opportunities were discussed and considered, which are currently being discussed between the two parties in several sectors.

Mohammed Al Suwaidi also expressed the great interest of Emirati investors in the companies offered by the Egyptian state, which represent excellent investment opportunities, stressing that there is constant communication with working groups on both sides.

He expressed his satisfaction with this effective and positive communication, commending the measures and steps taken by the Egyptian State to attract investment and investors, especially in relation to addressing the concerns of a number of Emirati and other investors through the Investor Resolution Unit. which gave positive results.

Source: “Sada El Balad”

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