Mohamed Abdel Wahab, Executive Director of the General Authority for Investment and Free Zones (GAFI), started a promotional visit to Qatar, during which he will meet with decision makers and representatives of the business community in Qatar to discuss pumping new investments into the Egyptian market.
He met with Mohammed bin Hamad bin Qassim Al Thani, Minister of Commerce and Industry of Qatar, to discuss enhancing investment cooperation between the two countries, in the presence of Amr El-Sherbiny, the Ambassador of Egypt in Doha. The two parties agreed on the importance of coordinating field visits by the Qatari business community to Egypt, to discuss investment opportunities on the ground.
Abdel Wahab reviewed the investment opportunities of interest to Qatari investments, which are consistent with the economic trends of the two countries, especially in chemical and petrochemical industries, financial services, logistics services, real estate development, and tourism sectors.
He said that the Egyptian economy has many competitive elements, including the investment and trade agreements that Egypt signed with African and Arab countries over the past years, the economic reform program that the Egyptian government has efficiently implemented, and the huge investments in infrastructure that have contributed to improving the business environment in Egypt, as well as many new facilities and incentives for investment, approved by the Prime Minister to attract more local and foreign investments.
During the meeting, Mohammed bin Hamad 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.
Abdel Wahab also met Abdullah Mubarak Al Khalifa, CEO of Qatar National Bank, to discuss the bank’s expansion plans during the coming period, and facilitate financing mechanisms for Qatari companies wishing to implement investments in Egypt.
Abdel Wahab presented a specific set of investment opportunities to representatives of the Qatari bank to study.