Chief Executive Officer of German-Arab Chamber of Industry and Commerce, Rainer Herret said Monday that Egypt needs an initiative to revive business sector, Al Bawaba News reported. This came during a conference, entitled: "emerging projects in Egypt". Herret pointed out that the global companies are now moving to invest in that vital sector, where they invested $ 20 million for the development of entrepreneurial skills across the globe, during the previous two years. The CEO stressed that Egypt need to sign several cooperation protocols with Germany and other leading countries in that sector, which will attract many foreign investments to Egypt. He explained that such step would create many jobs opportunities and a fruitful cooperation between small and large companies in several fields. Furthermore, he emphasized that Egypt is a promising market to attract several investments in many important fields.
