Federation of Egyptian Chambers of Commerce
The minister met with delegates from the General Federation of Egyptian Chambers of Commerce (FEDCOC), and its president, Ahmed El Wakil
The protocol was signed by Public Business Sector Minister Hesham Tawfiq, FECC President Ibrahim Al Araby, and FEI Chairman Mohamed el Sewedy.
Presidents of 100 major Saudi companies will attend the meeting which aims at devising a plan to promote trade and investment relations between Egypt and Saudi Arabia.
The two sides mulled also establishing new investment partnerships in various sectors.
Wakil's remarks came on Wednesday during a Russian-African forum.
Ezz further underscored that a logistic hub will be established in each governorate, adding that other centers will be constructed on the borders with Libya and Sudan.
Egypt is undergoing an economic revival thanks to the state-adopted economic reform program that aims at pushing up growth rates and luring more investments, Wakil said.
FECC is working on a study on setting up a linking road between Egypt with Chad.
FECC appreciated the Central Bank of Egypt’s (CBE) decision of removing maximum limits on cash
The decline came because of a decision that stipulates the approval of the Ministry of Industry and Trade of imports.
Secretary General of FECC Alaa Ezz said Thursday that Egypt submitted 107 projects out of an overall 300 ones submitted by 14 countries to EU-funded cooperation.
Egypt will take part in eight economic events in Jordan, Russia, Spain, Belgium, Belarus, Italy, Greece, and Cairo this year to promote investment in the country.
Minister of Trade Tarek Kabil decided on Tuesday to establish a chamber of commerce in Luxor governorate with 12 members.
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