This aim will raise the volume of the company's investments exceeding $220 million in the textile industry, and the number of job opportunities provided by the company rises to 12,000 direct job opportunities as well as indirect opportunities, Sanakya elaborated.
These projects come within the the nexus of water, food and energy (NWFE) Program.
The minister's remarks were made during her meeting with a delegation of the Qatar Businessmen Association (QBA), chaired by Sheikh Faisal bin Qassim Al Thani in the presence of Head of the Federation of Egyptian Industries (FEI) Mohamed El Sweidi.
According to this license, investors will obtain a state’s single approval that enables them to buy/rent lands, operate, and manage the projects. The license could be extended for additional three months in case of achieving progress.
This came during the celebrations of the 50th anniversary of the establishment of Egyptian-Emirati relations, organized by the two governments.
Toud pointed out that there are about 1,390 Emirati companies investing in Egypt.
President Abdel Fattah al-Sisi met asked new Central Bank Governor Hassan Abdullah on Sunday to form fresh initiatives attracting foreign investments to Egypt soon.
The Cabinet's Information and Decision Support Center (IDSC) said that Egypt is the first investment destination for Arab sovereign funds in 2022, foremost among which are the Saudi and Emirati investments.
The volume of private sector investments is expected to reach about 300 billion pounds during the new fiscal year.
Abdel Wahab made the remarks during a meeting with CEO of Association of German Chambers of Industry and Commerce (DIHK) Martin Wansleben.
The two sides exchanged views on ways to overcome the obstacles faced by Korean companies operating in Egypt, as well as ways to support them.
This came in a report issued by the Planning and Economic Development Ministry to clarify the objectives of the urban development sector in the plan for the current FY 2022/2023.
Trade exchange between Egypt and the United Arab Emirates (UAE) rose 1.4 percent to about $1.2 billion during the first quarter of 2022, compared to $1.1 billion during the same period in 2021.
A stock portfolio is a collection of stocks that an investor invests in with the hope of making a profit.
Talat's remarks were made at a meeting of the Lebanese-Egyptian Business Association (LEBA).
The government investments include (investments of the state administrative apparatus, investments of local administration, investments of public service bodies).
The Spokesman noted that the meeting discussed ways to foster closer bilateral relations at various levels, particularly at the economic level. The meeting also tackled increasing Emirati investments in several fields in Egypt, mainly in the sectors of energy, transport, ports and tourism.
The Egyptian investments in Saudi Arabia amount to $5 billion through more than 802 Egyptian companies.
The canal lining project is one of the projects with economic and environmental returns that the state is implementing within the projects of a decent life at the level of Egyptian villages.
"The government aims to attract $10 billion in foreign direct investments a year," he said, adding that the State Ownership Policy and the Golden License will empower the private sector to raise its contribution rate to 50 percent of the GDP within three years.