CAIRO, March 2 (MENA) - Prime Minister Mostafa Madbouli met on Sunday with Minister of Investment and Foreign Trade Hassan El Khatib to discuss a number of files related to investment and foreign trade.

Khatib posted Madbouli on the outcome of his recent overseas tour as part of efforts to promote for investment opportunities in Egypt.

Khatib said during his visit to the United Arab Emirates, as part of the tour, that the Egyptian government is keen on luring more Emirati investments to make the best use of the excellent opportunities in many of areas of common interest.

Khatib had a number of meetings with representatives of the UAE business community to brief them on Egypt's economic policies and investment opportunities in various sectors.

Khatib said Egypt has all what it takes to attract more local and foreign investments in production and service industries, including availability of skilled labor, highly qualified engineers, industrial lands, and a strategic location, not to mention the free and preferential trade agreements Egypt has signed with many countries and regional as well as global economic blocs.

Khatib briefed representatives of some 50 foreign companies in the UAE on the most salient investment features in Egypt.

His meeting with them aimed to explain the state’s target to enhance the role of the private sector in business activities and increase the volume of local and foreign investments, according to a press release on Wednesday.

He reviewed the most important features of investment in Egypt and the state’s strategy to improve the investment environment. The meeting took place at the invitation of UAE Economy Minister Abdullah bin Touq Al-Marri on the sidelines of the Egyptian minister’s visit to the UAE.

Khatib reviewed the reforms being implemented by the state related to financial, monetary, commercial and procedural policies, as well as those related to the state ownership policy, which would provide more business incentives for investors and facilitate the movement of foreign trade in Egypt.

He invited the companies to invest in the Egyptian market and benefit from the available opportunities in a large number of production and service sectors.

The participants expressed their desire to be present in the Egyptian market and benefit from the distinguished investment opportunities in various fields.

They represented companies operating in healthcare, trade, retail, hospitality and many others domains.(MENA)
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