Egypt continues to shop around for foreign investment as continuous turmoil has left a deteriorating economy. In the country’s latest move, the Egyptian Ministry of Investment will collaborate with the UAE to host the Egypt/GCC Investment Forum – Strategic Partnerships and Economic Synergies in Cairo from December 4-5.
Egypt’s Minister of Investment Osama Saleh said the government’s future vision included a variety of opportunities that aim to expand growth rates, incomes, and employment. Through a series of workshops, the forum will address the importance of refining Egyptian legislation to limit challenges and attract large-scale investments. The overall objective is to support economic growth and employment as well as ensure free flow of capital, shorten procedures, and rekindle investor confidence. Salah added that the form presented a “great opportunity to promote joint cooperation between Egypt and the Gulf states by addressing various key sectors including: electricity, renewable energy, housing, infrastructure, agriculture, oil and gas, telecommunications, tourism, and transportation.”
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