The General Authority for Investment and Free Zones organized an extensive meeting to discuss ways to attract Qatari investments to Egypt, where Counselor Mohamed Abdel Wahab, CEO of the Authority, met a delegation of the Qatari Businessmen Association headed by Sheikh Faisal bin Qassim Al Thani, in the presence of Dr. Muharram Helal, President of the Egyptian-Qatari Business Council Eng. Tarek Shoukry, Undersecretary of the Housing Committee in the House of Representatives, Mohamed El-Etreby, President of Banque Misr, Mohamed Badir, CEO of Qatar National Bank, Dr. Mohamed Sameh Amr, member of the Board of Directors of the Investment Authority, Eng. Sayed Farouk, Chairman of the Board of Directors of the Arab Contractors Company, and Eng. Ahmed El Sewedy, Managing Director of El Sewedy Cables Company, Eng. Ahmed Makki, Chairman of the Board of Directors of Bunya, officials of a number of ministries, actors in the investment file, and representatives of major Egyptian companies operating in the construction, energy and tourism sectors.
Counselor Mohamed Abdel Wahab indicated that the success of Qatari companies operating in Egypt and the sustainability of their work is a key factor in motivating more Qatari companies to invest in Egypt, calling on the Qatari delegation to take advantage of the facilities provided by the Egyptian state to the investment sector, noting in this regard the announcement of President Abdel Fattah El-Sisi The President of the Jamhouziya, announced the granting of the golden license to the projects that they apply for during the next three months.
Counselor Mohamed Abdel Wahab reviewed the most important investment opportunities of interest to the Qatari side, stressing the commitment of the General Investment Authority to work on completing the various procedures for investors, and organizing inspection visits for them to see investment opportunities on the ground.
Abdel Wahab also stressed that the investment environment in Egypt witnessed great developments during the last period, as tax and investment incentives were updated and developed, according to the sectors and regions in which investment is made. throughout the project period.
For his part, the President of the Qatari Businessmen Association affirmed the encouragement of the Qatari business community to pump more new investments into the Egyptian market, noting that the coming period will witness the holding of multiple meetings between the business communities in the two countries under the auspices of the General Authority for Investment and Free Zones, to increase the volume of Qatari investments, and in a manner that It corresponds to the economic trends of the two countries.
The Qatari side announced its interest in investment opportunities in the health and education sectors in light of the growing market in Egypt, in addition to its interest in establishing a group of major hotels, especially in the governorates of the Delta and North Upper Egypt.
It should be noted that this meeting is part of a series of meetings that brought together the CEO of the General Authority for Investment and Free Zones, and Qatari officials over the past months, and within the framework of a government plan to revive Arab and foreign investment flows to Egypt. During this visit, meetings were held with investment decision-makers and representatives of the business community in Qatar. This visit was followed by a Qatari delegation headed by the Chairman of the Board of Directors of the Qatar Chamber of Commerce and Industry, and representatives of major Qatari companies interested in launching new investments in Egypt.