Source: The Egyptian Prime Minister's Cabinet PageÂ
The Prime Minister meets with the CEO of the General Authority for Investment to discuss arrangements for organizing the investment conference in cooperation with the European Union.
"Earlier, on the 24th of January 2024, our engines spotted the first lights of the investment conference with the support of the EU. You can check it under 'Before the Long Weekend'."
Today, Dr. Mustafa Madbouly, the Prime Minister, met with Mr. Hossam Heiba, the CEO of the General Authority for Investment and Free Zones, to review the arrangements for organizing the investment conference in cooperation with the European Union, along with a number of activities of the authority.
At the outset of the meeting, the Prime Minister emphasized the state's focus on investment climate reform and facilitating the business environment to attract more foreign and local investments and achieve positive results that support the national economy.
The Prime Minister directed the formation of a small working group from the Cabinet, the Investment Authority, and the relevant ministries to prepare the technical files for the investment conference, which will be held in cooperation with the European Union on June 29th. This includes the agenda, speakers, key topics to be discussed, and cooperation agreements to be signed, in addition to the logistical aspects of the conference.
Mr. Hossam Heiba, the CEO of the General Authority for Investment and Free Zones presented a report on the outcomes of his recent visit to Belgium from February 19th to 22nd. The visit aimed to prepare for the upcoming joint investment conference in Egypt in collaboration with the European Commission in Brussels. Heiba highlighted numerous meetings with senior officials from the European Commission, Belgian, and European private sectors. European officials expressed appreciation for Egypt's economic reform program and eagerness to participate in the conference. The European Commission affirmed readiness to cooperate with Egypt in organizing the conference and expressed interest in enhancing trade exchange and investment levels. Discussions included potential renewable energy and green hydrogen projects in the Middle East, including Egypt, for export to Europe. Emphasis was placed on the importance of a roadmap during the conference to facilitate trade and restore confidence for companies interested in investing in the Egyptian market. The conference will focus on priority sectors for Egypt and the EU, such as green hydrogen, renewable energy, green technology, agriculture, and food security. Egypt expressed openness to adding additional sectors to the conference sessions as proposed by the European side in coordination with Egypt.
Disclaimer and Terms of Use
The data provided on any page at www.egvest.com aren't for any investment decision or taking any action of buy or sell of any asset or investments of any type; the information on this page has been obtained from sources that EGEVST believed to be reliable, we have not independently verified such information, and it may not be accurate or complete.
EGVEST.com published a delayed feed for the Egyptian stock exchange executed stocks and its leading indices through a previous contract with EGID "Egypt for Information Dissemination" the delayed feed is referred to below as "information."
The "information" displayed and published by EGVEST.com could lead to financial losses. It should be used on a personal and only personal responsibility. The "information" contains simplified mathematical calculations that clarify, simplify, and classify the "information" without using any financial valuation methods and don't represent any recommendation to buy, sell or hold financial assets.
The Data source is the Central Bank of Egypt website and on this system for display only without any analysis or recommendations