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Egypt: Kabil: Economic Institutions Confirm The Country's Recovery Is on The Right Track.
Source: www.export-egypt.com 2/3/2018

Minister of Trade and Industry Tarek Kabil inaugurated, on behalf of Prime Minister Sherif Ismail, the third round of “Egypt Investment Forum”, held in Cairo on February 3-4, under the auspices of President Abdel Fattah al-Sisi. With the participation of over 600 businessmen and development partners from around 51 countries, the forum is organized by the General Union of Egyptian Chambers of Commerce in cooperation with the General Union of Arab Chambers and Al-Iktissad Wal Aamal Group.

“The government remains committed to improving the business environment in Egypt,” Kabil addressed the audience, noting that the economic reform plan currently carried out has helped restore the country’s position on the global investment map.

The reforms, he explained, involved renovating the infrastructure of roads and ports, increasing the country’s power capacity, setting up specialized industrial clusters, opening more than 2,300 factories, and issuing new laws for investment and industrial licensing that would put Egypt among the top investment destinations worldwide.

“The coming period will witness more local and foreign investments into the Egyptian market, especially in light of the recent reports issued by a vast range of international economic institutions confirming the country's recovery is on the right track,” he said.



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