Egypt is keen on enhancing investment opportunities: Minister of Finance

Shaimaa Raafat
2 Min Read

Mohamed Maait, Minister of Finance, has said that the state is keen on enhancing promising investment opportunities in various fields by developing the infrastructure that supports the business climate, which is based on the best modern technological methods. 

This strategy aims at stimulating investment, as well as deepening the participation of the private sector in various major development projects. It is deemed the locomotive of growth to create jobs through adopting many policies and procedures, including the launch of the golden license, the state ownership policy document and the proposals program, and the approval of a number of measures and incentives Tax and customs that would attract new segments of local and foreign investors so that Egypt becomes a regional and global hub for production and re-export.

“We are keen on maximizing the frameworks of economic cooperation with Italy in various fields and increasing Italian investments as an important economic partner for Egypt,” Maait said, in his meeting with Michael Caroni, the Italian ambassador to Cairo. He continued: “There are broad horizons for an attractive work environment for local and foreign companies and overcoming all obstacles and challenges that may face them and standing on their solutions.”

For his part, the Italian ambassador in Cairo affirmed his country’s keenness to enhance means of cooperation with Egypt and exchange experiences in various fields to ensure common interests between the two countries are achieved.

The meeting tackled mechanisms and procedures that would enhance cooperation between the two countries during the coming period in the field of developing the customs system.

The meeting was attended by Ehab Abu Eish, Deputy Minister for Public Treasury Affairs, Al-Shahat Ghaturi, Head of the Customs Authority, and Hossam Hussein, Advisor to the Minister for Foreign Relations.

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