Prime Minister Moustafa Madbouli asserted the Egyptian State seeks to lure more foreign investments and increase contributions of the Private Sector.

Madbouli affirmed projects, which were carried out by the State over the past five years, represent necessary giant investments.

The State was capable of fulfilling such projects in record time and has been acting to set the stage for encouraging investors to do business in all fields, the premier said during a meeting with a number of heavyweight UAE investors at the start of his visit to UAE Saturday 28/05/2022.

The meeting discussed ways of helping businessmen stand on various investment opportunities in Egypt in order to pump more investments in the period to come.

Madbouli is leading a high-level ministerial delegation, which includes senior officials as well.

Madbouli pointed out the meeting emanates from the Egyptian government’s keenness on boosting the presence of several UAE companies working in different domains in Egypt.

The government is acting to expand investments in domains of priority to Egypt, in the shadow of repercussions posed by the current global crisis for the region at large, according to him.

Madbouli talked about economic reform measures adopted by the Egyptian State in 2016.

Such reforms aim at reducing challenges facing investments in Egypt, he added.

Madbouli affirmed efforts are focused on certain sectors, topped by the industry sector.

He added his visit to UAE is aiming to lay down a three-way strategy bringing together Egypt, UAE and Jordan in order to achieve integration in industry file.

Source: State Information Service Egypt