Egyptian-Qatari Business Council’s Vice President Ahmed Abu Heshimaa has announced that the meeting of the Egyptian side of the Council, due to be held on Tuesday, will call to hold a conference in Egypt during which major companies in the public and private sectors in Qatar and Egypt will be invited to identify areas of investment attraction in Egypt and to implement giant projects in the market.
Abu Heshimaa told Qatar News Agency (QNA) that they have an intention to activate this Council significantly and to help the Egyptian government to attract investments into the market, stressing that one of the first concerns of the Council is to work on facilitating procedures for investors from the two sides and protecting the Qatari investments.
He noted that the Egyptian Minister of Investment promised to provide significant incentives for Qatari investments in Egypt.
Abu Heshimaa also said that the Qatari-Egyptian relations are distinct and strong, noting to Qatar’s support to the Egyptian economy, especially in the wake of the January 25 revolution.
Meanwhile, Egyptian-Qatari Business Council’s Vice President praised HH the Emir of Qatar Sheikh Hamad bin Khalifa Al Thani’s important visit to Egypt and the outcome of this visit in supporting the Egyptian economy, during which Qatar had decided to deposit two billion dollars in the Central Bank of Egypt to support the cash reserve. He also noted to HH the Heir Apparent Sheikh Tamim bin Hamad Al Thani and HE the Prime Minister and Foreign Minister Sheikh Hamad bin Jassim bin Jabor Al Thani’s visit to Egypt.
Abu Heshimaa hailed Qatar’s announcement to invest up to $18 billion in Egypt within projects in the areas of energy, electricity, natural gas, tourism and real estate, which came during the visit of HE Qatar’s Prime Minister and Foreign Minister, noting to the directives of HH the Emir and HH the Heir Apparent which affirm that “there is no ceiling for cooperation or investment in Egypt.”
Qatar News Agency
