21 December 2012

Egypt: Foreign Ministry Discusses Economic Cooperation With Gulf States

The first meeting of Arab Stability Initiative kicked off Thursday 20/12/2012 to discuss investment projects in Arab Spring countries.

The initiative was launched by a group of Gulf businessmen to inject about 100 billion dollars in infrastructure projects that create new jobs in the Arab Spring countries.

The meeting was called for by Egyptian Deputy Assistant Foreign Minister for Regional Economic Relations, Ambassador Mahmoud Talaat.

It was held with participation of representatives from the Ministry of Investment and the State Ministry of Local Development as well as the General Authority for Investment and Free Zones.

Representatives of some governorates including Cairo and Alexandria attended the meeting.

Participants presented prioritized projects that are expected to be established in different places in Egypt.

Another meeting is planned to be held next week in the premises of the Ministry of Investment to discuss these projects in light of the Egyptian investment plan.

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