30 November 2012

Egypt: PM - Implementing Policies to Make Country an Ideal Destination for Foreign Direct Investment

Prime Minister Dr. Hisham Qandeel stressed Egypt's commitment to enhance the business environment in the coming period and its commitment to all international agreements in all areas. He said that Egypt will apply policies that will overcome problems and remove obstacles in face of promoting trade and investment, thus making Egypt an ideal destination for foreign direct investments.

This came during the video message Qandeel delivered to the National US-Arab Chamber of Commerce and business leaders in the United States during a meeting organized by the National US-Arab Chamber of Commerce and the Egyptian trade representation office in Washington to welcome Egypt's Ambassador to the United States Mohamed Tawfiq.

Qandeel noted that the promotion of investment and mutual trade with the United States will be crucial for all world countries in the coming period, pointing out that Egypt in the past year welcomed many US delegations, on the official and economic levels, where business investment and job creation came on the top of their agendas.

PM Qandeel said that the trade exchange between Egypt and the United States reached $ 8.2 billion in 2011, while the U.S. investments in Egypt reached $ 14.5 billion.

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