CEO of the General Authority for Investment and Free Zones (GAFI) Mohamed Abdel Wahab underlined that the authority is adopting a strategy aiming at luring investments in several top-priority sectors, topped by the industrial sector.

This came in a statement by the cabinet on Monday on the intensive activities of the GAFI head during his visit to Qatar.

During the visit, Abdel Wahab met with Chairman of Qatari Businessmen Association (QBA) Sheikh Faisal Bin Qassim Al Thani along with representatives for a number of major QBA member companies to open direct cooperation channels with the Qatari business community.

He posted them on the latest developments in the Egyptian investment climate as well as available investment opportunities, especially in the fields of chemical and petrochemical industries, food industry, medicine and infrastructure.

He called on Qatari companies to visit Egypt in September to stand on the development realized in the Egyptian investment climate and the great improvement in the infrastructure.

It was agreed on holding tete-a-tete meetings between Egyptian and Qatari communities to implement joint projects that would benefit both countries.

For his part, Qatar’s Sheikh Faisal underlined keenness on cooperating with Egypt, hailing Egypt’s experiment of economic reforms.

Abdel Wahab also had talks with CEO of Qatar Investment Authority (QIA) Mansoor bin Ebrahim Al-Mahmoud on encouraging more Qatari investments in Egypt for the best interests of both countries.

The QIA chief voiced interest in investing in new and renewable energy projects in Egypt.

The two sides agreed on continued cooperation and coordination in the coming period to exchange data on investment opportunities.

Abdel Wahab also held a meeting with the board chairman of Al Faisal Holding on means of boosting its 1.1-billion-dollar investments in Egypt.

Source: State Information Service Egypt