Abou El-Enein: Investors can benefit from many projects in Africa

TV presenter Ahmed Moussa shed light on the speech of Parliament deputy speaker MP Mohamed Abou El Enein at Sixth QINGDAO Multinationals Summit in China, during "On My Responsibility" program, broadcast on Sada El Balad satellite channel.

Abou El-Enein stressed that foreign investors can benefit from many projects in Africa.

He noted that the free trade agreement among Europe, Egypt, and Africa benefits nearly 2 billion people, commenting: "Foreign companies can enjoy the same privileges as local companies."

MP Mohamed Abou El-Enein explained that the Egyptian state is working on expanding urban space to 20% of the total area, while providing facilities to increase international trade, especially in ports. 

He added that Egypt welcomes all investors in technologies, hydrogen, the green economy, and artificial intelligence products.

“I am pleased to inform you that Egypt is safe, and this is a good opportunity for foreign investors to add value to leading projects in China," the Parliament deputy speaker stressed.

He pointed out that Egypt has huge discoveries, such as copper and some other minerals, adding: "The international company Eni has invested $13 billion in discoveries in Egypt. 

"Some companies have achieved profits of 400% annually, and the door is open for investors," Abou El-Enein revealed.