7 February 2014

Egypt: Abd El-Nour - Government Allocated EGP 30 Billion to Create New Job Opportunities, Attract More Investments

Trade and Industry Minister Monier Fakhry Abd El-Nour, currently on a European tour, held talks with Lars Roller, the economic advisor to the German Chancellor Angela Merkel, over means of boosting economic and trade cooperation between the two countries.

This meeting, which focused mainly on attracting German investments to Egypt, came as part of the minister's European tour.

Abd El-Nour spoke of the suitable climate for the German investments in Egypt given the facilities offered by the interim government to the foreign investors.

Egyptians will no longer accept an autocratic regime, Abd el-Nour said, stressing that Egypt is carrying on with its democratic path through the achievement of the future roadmap.

While asserting that Egypt is fighting terrorism, the minister called on Western powers that had a misleading image of the popular uprising in June 30, to correct their comprehension of the events.

Referring to the Egyptian government's plans and programs to activate economy, the Minister made clear that the Egyptian government has allocated EGP 30 billion to face the economic challenges and implement urgent actions to improve quality of services for citizens, facilitate procedures before investors, create new job opportunities and attract local and foreign investments.

For his part, Roller said that Egypt is currently witnessing stability, adding that building the constitutional institution after the parliamentary and presidential elections would have its positive impact on the German economic presence in Egypt.

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