Egypt works to im­prove in­vest­ment en­vi­ron­ment: Nasr

African in­vest­ments in Egypt amounted to about $2.8 bn, says Min­is­ter of In­vest­ment

The Daily News Egypt - - News -

Min­is­ter of In­vest­ment and In­ter­na­tional Co­op­er­a­tion, Sa­har Nasr, stated on Satur­day that Egypt’s In­vest­ment Law puts the state on the global in­vest­ment map to at­tract more in­vest­ments.

“Egypt’s eco­nomic group led by Prime Min­is­ter Mostafa Mad­bouli, works with the aim of im­prov­ing the in­vest­ment en­vi­ron­ment and solv­ing any prob­lems fac­ing in­vestors,” she as­sured.

This came dur­ing her visit on Satur­day to ‘BiznEx’ 2018, the first and only in­ter­na­tional Busi­ness and Fran­chise Expo in Egypt.

For her part, Nasr stated that the govern­ment pays great at­ten­tion to such in­ter­na­tional exhibitions, which at­tract more for­eign in­vest­ment and con­trib­ute to pro­vid­ing job op­por­tu­ni­ties for youth.

In terms of the in­vest­ment cli­mate, RAND Mer­chant Bank se­lected Egypt as the best coun­try to in­vest in through 2019 in Africa in its “Where to in­vest in Africa” re­port.

“Egypt is the largest-African mar­ket in terms of GDP, with the largest con­sumer mar­ket in the Mid­dle East and North Africa,” ac­cord­ing to the bank.

In terms of the African eco­nomic re­la­tions with Egypt, on Thurs­day, Nasr re­vealed that Pres­i­dent Ab­del Fatah al-Sisi puts eco­nomic and in­vest­ment re­la­tion­ships with Africa as a pri­or­ity.

This came dur­ing her par­tic­i­pa­tion in the Africa In­vest­ment Fo­rum in Jo­han­nes­burg, South Africa, which was at­tended by 54 African coun­tries and the presidents of South Africa, Ghana, Ethiopia and Guinea, vice pres­i­dent of Nige­ria, and prime min­is­ters of Cameroon and Rwanda.

Dur­ing the fo­rum, she de­clared that Egypt’s to­tal in­vest­ments in Africa reached $10.2 bn, on the other hand, African in­vest­ments in Egypt amounted to about $2.8 bn.

Nasr dur­ing the Africa In­vest­ment Fo­rum in Jo­han­nes­burg, South Africa

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