Dr. Nasr Discusses Encouraging German Funds to Invest in Egypt with the Deutsche Bank Delegation
Dr. Nasr Discusses Encouraging German Funds to Invest in Egypt with the Deutsche Bank Delegation
Source : Egyptian Ministry of International Cooperation
13-Jul-2017
The Minister of Investment and International Cooperation Dr. Sahar Nasr
met with the Deutsche Bank delegation during its visit to Egypt,
including representatives of several German funds. Discussions
revolved around encouraging German Funds to invest in Egypt, as well as
cooperation in the field of investment policies and enhancing the
private sector’s role in the socio-economic process in Egypt, besides
increasing the Deutsche Bank’s role in fostering an attractive climate
for the private sector and foreign investors, which would ensure
sustainability of national development efforts. Dr. Nasr stressed that
the new Investment Law provided unprecedented guarantees and incentives
to investors, noting that Egypt enjoyed all the required potential to
attract investments, such as quality and competition. Further, the
Investment Law paid due regard to social dimensions, supported
transparency, disclosure and governance principles.
Dr. Nasr pointed out that the new Investment Law aimed to facilitate
procedures for investors and lay deadlines for finalizing them, besides
the rapid settlement of disputes, which would ensure the stability of
investment policies and give way to the prevalence of good governance
and transparency. She added that there were major investment
opportunities, such as the Suez Canal Zone Development Project and the
new Administrative Capital. The investment map further offered over 600
investment opportunities in different governorates in Egypt,
ascertaining that Egypt was at the forefront in terms of return on
investment. It enjoyed several investment privileges, particularly its
large promising market. It was also a gateway to a huge regional market,
namely the Arab World and the African Continent.
The Deutsche Bank Delegation explained that the Bank was optimistic
about economic reforms carried out by the Egyptian government. They
reiterated the Bank’s support of Egypt through the rapid injection of
new investments, noting that Egypt was in a good position to attract
more investments.