Egypt, Elsewedy review progress on Ain Sokhna phosphate complex    US employment cost index 3.6% up in year to June 2025    Egypt welcomes Canada, Malta's decision to recognise Palestinian state    Pakistan says successfully concluded 'landmark trade deal' with US    Sterling set for sharpest monthly drop since 2022    Egypt, Brazil sign deal to boost pharmaceutical cooperation    Modon Holding posts AED 2.1bn net profit in H1 2025    Egypt's Electricity Ministry says new power cable for Giza area operational    Egypt's Al-Sisi, Italian defence minister discuss Gaza, security cooperation    Egypt's FM discusses Gaza, Nile dam with US senators    Aid airdrops intensify as famine deepens in Gaza amid mounting international criticism    Egypt exports first high-tech potato seeds to Uzbekistan after opening market    Health minister showcases AI's impact on healthcare at Huawei Cloud Summit    On anti-trafficking day, Egypt's PM calls fight a 'moral and humanitarian duty'    Egypt strengthens healthcare partnerships to enhance maternity, multiple sclerosis, and stroke care    Egypt keeps Gaza aid flowing, total tops 533,000 tons: minister    Indian Embassy to launch cultural festival in Assiut, film fest in Cairo    Egyptian aid convoy heads toward Gaza as humanitarian crisis deepens    Culture minister launches national plan to revive film industry, modernise cinematic assets    I won't trade my identity to please market: Douzi    Sisi sends letter to Nigerian president affirming strategic ties    Two militants killed in foiled plot to revive 'Hasm' operations: Interior ministry    Egypt, Somalia discuss closer environmental cooperation    Egypt's EHA, Huawei discuss enhanced digital health    Foreign, housing ministers discuss Egypt's role in African development push    Egypt reveals heritage e-training portal    Three ancient rock-cut tombs discovered in Aswan    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    Egypt's Irrigation Minister urges scientific cooperation to tackle water scarcity    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.



Danish companies study investments in different sectors in Egypt: GAFI chairperson
We encourage Danish investors to invest in Egypt owing to its importance in the region, says Danish ambassador
Mohamed Ayyad Published in Daily News Egypt on 07 - 12 - 2016

Several Danish companies operating in different investment sectors are studying the possibility of making new investments in the Egyptian market during the coming period, according to a press release to the General Authority for Investment and Free Zones (GAFI) on Wednesday.
Mohamed Khodeir, executive chairperson of GAFI, met with a delegation headed by the Danish ambassador to Cairo, Susan Shane, which included major Danish companies operating in Egypt in strategic sectors such as pharmaceuticals, food and agricultural industries, and information technology.
Shane emphasised the embassy's commitment to encouraging Danish companies to invest in Egypt, especially as the Egyptian market is one of the largest and most promising markets in the Middle East and North Africa region.
Khodeir said the Ministry of Investment and GAFI are eager to meet with all investors and the business community on a regular basis to follow up on the status of these projects, as well as to provide support and assistance and solve any obstacles.
The chairperson presented the Supreme Council for Investment's latest decisions to the Danish companies. These moves aim to accelerate the pace of economic activity and facilitate procedures for projects and licences in Egypt. This comes within the government's efforts to create a healthy investment climate, and restore the local and international business community's confidence in the market.
The Ministry of Investment is currently coordinating with representatives of various business organisations and governmental agencies to complete discussions on the new investment law so as to activate it as soon as possible.
The law includes a group of investment guarantees and incentives that take into account the right of the state and support the investor.
According to GAFI's website, Denmark ranks 34th among countries investing in Egypt with 149 companies and a capital estimated at $169.3m.

Clic here to read the story from its source.