Egypt joins Geneva negotiations on Global Plastics Treaty, calls for urgent agreement    Egypt delivers over 30 million health services through public hospitals in H1 2025    Madinet Masr in talks for three land plots in Riyadh as part of Saudi expansion    Egypt's PM tells Palestinian PM that Rafah crossing is working 24/7 for aid    Egypt, Japan discuss economic ties, preparations for TICAD conference    Real Estate Developers urge flexible land pricing, streamlined licensing, and dollar-based transactions    Egypt's Sisi pledges full state support for telecoms, tech investment    EGP inches down vs. USD at Sunday's trading close    EGX launches 1st phone app    Escalation in Gaza, West Bank as Israeli strikes continue amid mounting international criticism    Egypt recovers collection of ancient artefacts from Netherlands    Egypt, UNDP discuss outcomes of joint projects, future environmental cooperation    Egypt harvests 315,000 cubic metres of rainwater in Sinai as part of flash flood protection measures    After Putin summit, Trump says peace deal is best way to end Ukraine war    Egypt, Namibia explore closer pharmaceutical cooperation    Jordan condemns Israeli PM remarks on 'Greater Israel'    Renowned Egyptian novelist Sonallah Ibrahim dies at 88    Egyptian, Ugandan Presidents open business forum to boost trade    Al-Sisi says any party thinking Egypt will neglect water rights is 'completely mistaken'    Egypt's Sisi warns against unilateral Nile measures, reaffirms Egypt's water security stance    Egypt's Sisi, Uganda's Museveni discuss boosting ties    Egypt, Huawei explore healthcare digital transformation cooperation    Egypt's Sisi, Sudan's Idris discuss strategic ties, stability    Egypt's govt. issues licensing controls for used cooking oil activities    Egypt to inaugurate Grand Egyptian Museum on 1 November    Egypt's Sisi: Egypt is gateway for aid to Gaza, not displacement    Greco-Roman rock-cut tombs unearthed in Egypt's Aswan    Egypt reveals heritage e-training portal    Sisi launches new support initiative for families of war, terrorism victims    Egypt expands e-ticketing to 110 heritage sites, adds self-service kiosks at Saqqara    Palm Hills Squash Open debuts with 48 international stars, $250,000 prize pool    On Sport to broadcast Pan Arab Golf Championship for Juniors and Ladies in Egypt    Golf Festival in Cairo to mark Arab Golf Federation's 50th anniversary    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Egypt a major investment destination after after pound floatation: Qalaa
Published in Amwal Al Ghad on 02 - 04 - 2017

Egypt has become among the most important countries for foreign investments after it floated its currency last year, Ahmed Heikal, founder and CEO of Egyptian investment firm Qalaa Holdings, said on Sunday.
Heikal delivered an optimistic message on Egypt as an investment destination and a gateway into Africa at the opening of the first round of the Belt and Road Industrial and Commercial Conference (BRICA).
The event is organised by the Egyptian Businessman's Association (EBA) and the China Federation of Industrial Economies (CFIE) under the patronage of Egyptian Minister of Trade and Industry Tarek Qabil. The two-day forum "Egypt, Your Gateway to BRICA," features panel discussions on business and investment opportunities in Egypt and the BRICA countries including, a special focus the Suez Canal Zone, investing in Africa, industrial parks, banking and finance, as well as energy, transportation and logistics, and e-services.
"As an Egyptian investor I'm proud to be here today to deliver two important messages. The first is that Egypt is heading in the right direction in terms of investment climate and the second is that Egypt by virtue of its strategic geographical location is an important hub for investing in and exporting to Africa." said Heikal.
"For the first time in a long time, Egypt is embarking on a very bold reform programme that includes the gradual removal of energy subsidies, the liberalisation of foreign exchange, and changes to the legal framework that represents the central core of investing. Additionally, there is also a new sense of fairness that exists within its bureaucracy, which is extremely important,"
"I think it's safe to say that we are cautiously optimistic about Egypt's future prospects," explained Heikal. "With the recent government reforms, an improvement in our production of gas and petrol, decreasing imports by virtue of the new exchange rate, increasing exports, an improvement in tourism and a gradual return in FDI, Egypt's economy is headed in the right direction. Qalaa has always been a believer in Egypt's competitive advantages and thus we have invested in more than 30 African countries over the years."
The landmark forum brings together Egyptian and Chinese government officials with leading figures from the Egyptian business community for two days of dialogue and networking that aims to boost economic cooperation and trade between Egypt, China and more than 65 member nations in the BRICA initiative.


Clic here to read the story from its source.