Finance Minister: The Egyptian economy has become more attractive to local and foreign investments

Finance Minister: The Egyptian economy has become more attractive to local and foreign investments
Finance Minister: The Egyptian economy has become more attractive to local and foreign investments

Cairo – Mubasher: Minister of Finance, Mohamed Maait, stressed that the good performance of the Egyptian economy and the ability to flexibly deal with challenges in light of what the global arena is witnessing, made us more attractive to local and foreign investments, as we have a developed infrastructure capable of accommodating investment expansions in productive activities. In a way that contributes to maximizing the participation of the private sector in economic activity, as it is the locomotive of growth that can create more job opportunities, pointing to the government’s keenness to stimulate the business environment in Egypt and simplify and digitize procedures. In line with the efforts to mechanize the Egyptian economy and strengthen the governance of the state’s financial system.

During his meeting with the Japanese Ambassador in Cairo Oka Hiroshi and Saito Hidenori, President of the Japanese Businessmen Association, the minister said that we are keen to enhance joint cooperation and attract more Japanese investments, expressing his appreciation for the Japanese role in supporting development projects, especially those aimed at upgrading human capital. Chief among them is the current cooperation in supporting the comprehensive health insurance system and developing education; In a way that helped achieve achievements in several tracks, such as: Japanese school projects and the Japanese University, according to a statement.

Oka Hiroshi, the Japanese ambassador in Cairo, praised Egypt’s remarkable progress in terms of mechanization and development of the business environment, especially the pre-registration system for shipments.ACIWhich contributed to reducing the time of customs release, expressing his appreciation for the efforts of the Ministry of Finance in facilitating investment expansions, facilitating procedures and communicating with the business community on a permanent basis to remove obstacles.

The two sides agreed to hold a meeting between the Minister of Finance and members of the Japanese Businessmen Association, to discuss ways to enhance the existing Japanese investments and attract more of them during the coming period.

The meeting was attended from the Japanese side by: Kazuhiko Shimizu, Head of the Economic Section at the Japanese Embassy, ​​Oanda Ayomo, Second Secretary at the Economic Section at the Japanese Embassy, ​​and from the Ministry of Finance, Ambassador Dr. Hossam Hussein, Advisor to the Minister for Foreign Relations, Nasreen Lashin, Head of the Investors Support Unit, and Doaa Hamdi, Acting Head of the Relations Unit external.

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The article is in Arabic

Tags: Finance Minister Egyptian economy attractive local foreign investments

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