Abu Dhabi financial group for more investment in Egypt

Cairo- 22 September 2017: Egyptian minister of economy and international cooperation, Sahar Nasr, discusses with the executive director of Abu Dhabi financial group, Jassim Al Seddiqi, the investment opportunities in the new capital,the Suez Canal axis development project and south Sinai, as the government has provided them with the infrastructure and the services encourage investment. Statement reported on Friday.

Nasr said that the ministry welcomes UAE investors in Egypt, referring to the procedures taken by the ministry to improve the investment climate, in order to raise growth rates and support the economy, the statement added Seddiqi said these procedures aim at developing the investment environment by issuing the investment law, which has encouraged Emirati investors to scale up their investments in Egypt. He also clarified that his country is investing in Egypt now through Capital and Brouj real estate groups, and recently they managed to own 48.3% of Shuaa capital.

He added that his company is interested in investment in education., and Nasr said that the ministry the ministry of economy and international cooperation will coordinate with the ministry of education to explore the investment prospects in this field.