Mostafa Madbouly
Prime Minister Madbouly highlighted Egypt’s vast investment opportunities in the industrial sector, inviting Saudi companies to capitalize on Egypt’s strategic network of free trade agreements. These agreements, he explained, open access to international markets and provide competitive advantages for investors
A key highlight of the trip was the declaration of a strategic partnership with Denmark, paving the way for increased collaboration in sectors like renewable energy, trade, and technology. Madbouly noted that these agreements open new avenues for cooperation and support Egypt’s economic diversification goals.
During a press conference, Madbouly confirmed that Wataniya and Safi will be listed on the stock market by mid-next year. Additionally, shares of state-owned Alexandria Bank and Banque du Caire will also be included in the upcoming offerings.
Madbouly disclosed the government's plans to offer 11 companies for sale during the upcoming year, prominently featuring the military-affiliated Wataniya, Safi, Silo Foods, and ChillOut
Speaking at the Doha Forum 2024, he highlighted that over the past 10 years, the government has consistently worked to create new job opportunities while navigating economic challenges.
These opportunities span the North Coast, Cairo, Nile-front locations, the New Administrative Capital, and other cities, offering promising prospects for investors.
The prime minister also highlighted investment opportunities in the New Administrative Capital and other cities, emphasizing that businessmen willing to invest in these projects will obtain the nation’s golden license, which facilitates project implementation.
Egypt's prime minister stressed Cairo’s commitment to bolstering cooperation with Doha in various fields, especially with regard to Qatari investments in several sectors across Egypt
Al Shami expressed his aspiration for enhancing cooperation with the Egyptian government in several important economic matters
During his visit to the site, Prime Minister Madbouly reviewed various components of the project, including transformer rooms and high-voltage equipment areas.
For businesses located outside of the free zones, the cost of natural gas will still be calculated in Egyptian pounds.
Egypt’s Prime Minister Mostafa Madbouly, stressed on Wednesday that the recent events in Syria are worrying and Egypt affirms its support for the unity of Syrian lands.
This announcement comes as part of the Egyptian government’s plan to offer stakes in more 32 state-owned companies. The plan includes state-owned companies and targets raising $6.5 billion by the end of 2024.
This initiative aims to attract local market investments and ensure a balanced, competitive industry
Mohamed Abdel Samad, Managing Director of Nissan Egypt, highlighted that the new model will feature a local component ratio exceeding 54%, supporting the company’s goal to enhance domestic production.
Auchincloss highlighted BP’s plans to begin production from several wells, with one expected to start operations in the first quarter of next year.
He expressed optimism about collaborating with the French group, noting the government’s focus on offering airport management opportunities to the private sector as part of its privatization program, implemented in cooperation with the International Finance Corporation (IFC)
Madbouly remarked on the historical perception within Egypt that a fixed exchange rate symbolized a state's robustness and endurance and that a flexible exchange rate system should be avoided
Prime Minister Mostafa Madbouly will witness the commencement of the service and the raise of the Egyptian flag on the first ship departing from Damietta to Trieste, the Wadi El Arish vessel belonging to the Ministry of Transport’s National Navigation Company (NNC)
Egypt presented specific projects in New Alamein and Greater Cairo, highlighting their strategic locations and access to energy resources.
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