SCZONE showcases investment opportunities to eight Japanese companies    Egypt urges Israel to accept Gaza deal amid intensifying fighting    Egypt, ADIB explore strategic partnership in digital healthcare, investment    Egypt's PM meets Tokyo governor, witnesses signing of education agreements    Egypt welcomes international efforts for peace in Ukraine    Al-Sisi, Macron reaffirm strategic partnership, coordinate on Gaza crisis    Egypt's Sisi, France's Macron discuss Gaza ceasefire efforts in phone call    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    Egypt to tighten waste rules, cut rice straw fees to curb pollution    Indian tourist arrivals to Egypt jump 18.8% in H1-2025: ministry data    Egyptian pound down vs. US dollar at Monday's close – CBE    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.



€82 million of European investments to be approved
Published in Daily News Egypt on 12 - 11 - 2012

The EU Egypt Task Force Business and Tourism Summits will be held on Tuesday in Cairo.
The summits organised by the Egyptian business unions will be followed by a series of meetings between representatives from the Egyptian and the European sides.
The joint task force that was put into practice in Jordan and Tunisia will convene for the first time in Egypt. It is a new mechanism for dialogue that was implemented to foster cooperation between Europe and the Arab Spring countries. This innovative mechanism is intended to complement the already existing exchange channels; the Egyptian European association council and technical sub committees.
Among the agreements that are expected to be signed during the summit, there is a €20 million trade and domestic market enhancement programme, a €22 million agreement for support through agricultural small enterprise and a €40 million fund to support the third metro line going from Imbaba to the Cairo airport.
The meetings will be attended by the High Representative of the Union for Foreign Affairs and Security Policy Catherine Ashton, the European Commissioner for Industry and Entrepreneurship Antonio Tajani, the European Commissioner for Enlargement and European Neighbourhood Policy Stefan Fule, the President of the European Investment Bank Werner Hoyer, the foreign ministers of eight EU countries, the head of the European chambers union and more than 150 chairmen of European companies, as stated by the president of the Egyptian European chambers union Nader Riad.
Egypt will be represented by Prime Minister Hisham Qandil, and the ministers of foreign affairs, investment, industry and foreign trade, planning and international cooperation, scientific research, electricity and energy, facilities and transportation, said the chairman of the Egyptian chambers union, Ahmed El Wakil.
The tourism summit will be headed by the Minister of Tourism Hisham Zaazou and Antonio Tajani in the presence of the leaders of the unions of tourism, hotels and ships and the presidents of the big European countries working in the field. The meetings will discuss an action plan for attracting European tourism and touristic investment focusing on the sustainable tourism and tourism development in Upper Egypt, clarified the head of tourism chambers union Ilhamy El-Zayat.
The chairperson of the Egyptian industries union Galal El-Zorba added that this summit is a part of the union's programme to provide growth opportunities for the Egyptian economy, and to create jobs for the Egyptians, he added that the objective of the meeting is to put a roadmap for development, to open communication channels between companies on both sides of the Mediterranean, to create investment and commercial partnerships, and to maximise the benefit from the aid and finance mechanisms available for the Mediterranean area that exceed €22 billion.
The president of the investors' associations union Mohamed Farid Khamis said that the summit is in line with various activities that aim to create alliances between Egyptian business unions to attract investments, promote exports and to innovate the industrial and services sectors . These activities include participation in international exhibitions and conferences and the connectivity between Egyptian and European companies targeting joint industrialisation or common action to enter regional markets, as well as many meetings aiming to resolve the problems of Egyptian and foreign investors and exporters and opening foreign markets for Egyptian products.
Promoting joint investments, technology transfer, human resources development, attracting European tourism mechanisms and megaprojects in infrastructure are on the agenda of the meetings, said the Secretary General of the summit Alaa Ezz.


Clic here to read the story from its source.