Egypt GCC Investment Forum Announced

Forum aims to address Egypt’s investment challenges and highlight opportunities

In collaboration with the United Arab Emirates, The Egyptian Ministry of Investment will be organizing and hosting the “Egypt/GCC Investment Forum – Strategic Partnerships, Economic Synergies” in Cairo on December 4,5 2013. Under the auspices of the Egyptian Prime Minister His Excellency Dr. Hazem Beblawy, the announcement was made by His Excellency Dr. Sultan Ahmed Al Jaber, UAE Minister of State, and the Egyptian Minister of Investment His Excellency Osama Saleh.

Minister of Investment, Osama Saleh, said, “The Egypt/GCC Investment Forum presents a great opportunity to promote joint cooperation between Egypt and the Gulf states by addressing various key sectors including: electricity, renewable energy, housing, infrastructure, agriculture, oil and gas, telecommunications, tourism and transportation. I would like to express my great appreciation for the role that the United Arab Emirates has played in initiating this most important economic cooperation platform between Egypt and the Gulf countries as a new step towards strategic partnership and economic integration amongst all parties.”

UAE Minister of State His Excellency, Dr. Sultan Ahmed Al Jaber confirmed, “The UAE has great confidence in Egypt and the ability of its people to overcome the current challenges in order to build a better future.” He added that “History is witness that the UAE has never and will not stop cooperating fully with the Egyptians as brothers.” He emphasized, “Egypt is the backbone of the Arab nation.”

Through a series of sectoral workshops, the forum will address the importance of refining Egyptian legislation to limit challenges and attract large-scale investments. The overall objective is to support economic growth and employment as well as ensure free flow of capital, shorten procedures and reinstill investor confidence.

The Forum is expected to attract high level delegations, as well as members of the business community from across the GCC and Egypt.