14 March 2014

Egypt: Minister - Arab, Foreign Fresh Investments Worth U.S. 100 Million

Trade, Industry and Investment Minister Mounir Fakhry Abdel-Nour held talks in the ministry of investment with a number of leading companies investing in Egypt.

The Minister said that he discussed with the European Union Ambassador James Moran future of bilateral relations and means to expand economic cooperation between Egypt and EU countries. He added that the meeting tackled possibility of enhancing joint investments and trade exchange during the coming period.

Abdel-Nour also met with Deputy Chairman of Samsung Company, where the company has expressed desire to pump fresh investments with the value of USD 60 million in its project in Beni Suef. He noted that the company to succeeded achieve exports with the value of USD 400 million during the first six months of its production.

Minister Abdel-Nour met with the Managing Director of Yemen's Hayel Saeed Group, which owns investments with the value of EGP 4 billion in Egypt. He stressed that the government will provide the group with all facilities to expand its investments in Egypt, where the company aims to pump fresh investments with the value of USD 40 million.

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