PM Mustafa Madbouly discussed with Mohammed Al Suwaidi, UAE Minister of Investment, a number of projects and investment opportunities available in the Egyptian market in various fields.
Madbouly said that he explained in a previous meeting with the minister all the steps taken by the Egyptian state with the aim of facilitating procedures and stimulating the investment climate to attract new investments at this stage.
The prime minister summarized a number of measures that were taken during the last period, whether related to issuing the golden licence, as about 24 licenses have been issued so far, as well as facilitating obtaining land, whether by ownership or usufruct. He also explained the various incentives that the state recently proposed, especially with regard to the localization and deepening of the industry.
Meanwhile, the UAE Minister of Investment said that there is a directive from Sheikh Mohammed bin Zayed Al Nahyan to cooperate with Egypt and increase investments, stressing that a meeting was held with Egyptian officials, and steps are taken to pump new investments into these development sectors.
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