"Narrative Summit" Releases 2025 Recommendations to Cement Egypt's Position as a Global Tourism Destination    Egypt, S.Arabia step up trade ties through coordination council talks    Egypt reviews progress on $200m World Bank-funded waste management hub    Egypt urges Israel to accept Gaza deal amid intensifying fighting    Egypt, ADIB explore strategic partnership in digital healthcare, investment    SCZONE, Tokyo Metropolitan Government sign MoU on green hydrogen cooperation    Egypt welcomes international efforts for peace in Ukraine    Al-Sisi, Macron reaffirm strategic partnership, coordinate on Gaza crisis    Contact Reports Strong 1H-2025 on Financing, Insurance Gains    Egypt, India's BDR Group in talks to establish biologics, cancer drug facility    AUC graduates first cohort of film industry business certificate    Egyptian pound down vs. US dollar at Monday's close – CBE    Egypt's FM, Palestinian PM visit Rafah crossing to review Gaza aid    Egypt prepares unified stance ahead of COP30 in Brazil    Egypt recovers collection of ancient artefacts from Netherlands    Egypt harvests 315,000 cubic metres of rainwater in Sinai as part of flash flood protection measures    Egypt, Namibia explore closer pharmaceutical cooperation    Fitch Ratings: ASEAN Islamic finance set to surpass $1t by 2026-end    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 to inaugurate Grand Egyptian Museum on 1 November    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.



Foreign investors could ask for ease of access, says Mohieddin
Published in Daily News Egypt on 01 - 12 - 2006

CAIRO: The government will explore possible avenues for granting foreign investors a special card to help ease investment in Egypt if they are asked said Investment Minister Mahmoud Mohieddin.
This card, which has already been provided for Arab investors, might also be given to foreign investors if there is enough demand. "There are no plans at the moment for there to be a similar card for foreign investors because they haven't asked yet. If we do get requests through their channels, such as embassies or corporations, we will explore the possible avenues to making this happen, Mohieddin said.
Mohieddin was speaking at a press conference to announce the upcoming opening of the Cairo Investment Forum, which will be held on Dec. 10-11, organized jointly by the Ministry of Investment, Gafi (General Authority for Investment and Free Zones), and Al-Iktissad Wal-Aamal Group, an investment promotion agency (IPA), which aims to promote such investments in Egypt.
Mohieddin added, "We have created the card for the Arab investor, which will not require him to provide any other paperwork when dealing with any authority in Egypt, be it Gafi, or anyone else, or any bureaucratic institution.
According to Raouf Abu Zaky, general manager of Al-Iktissad Wal-Aamal Group, the aim of the forum is to "promote the Egyptian economy as a whole and promote investment in its different sectors. In addition Abu Zaky stated that "with many investors from many Arab countries attending the forum, it creates a great opportunity for them to meet and discuss possible joint ventures whether in Egypt or elsewhere in the Arab world.
The investment minister echoed Abu Zaky's sentiments. "We encourage and call for increased cooperation between Arab countries in the area of investment, Mohieddin said.
The forum should play host to over 1,000 official representatives and corporate leaders from the Arab world and other countries. Some of the areas to be focused on in the forum will be privatization, banking and finance, tourism and services and oil, gas and petrochemicals.


Clic here to read the story from its source.