Investment Projects in Egypt with Hermes

Osama Saleh, Minister of Investment Confirmed that the transition taking place in Egypt now increases the importance of the economic file and who tops the concerns of the Egyptian government, targeting the state currently attracting more investments to provide more job opportunities for the Egyptian people, noting that the Ministry of Investment is continuing to intensify its promotional campaigns a number of countries around the world during the coming period.

This came during a speech by Osama Saleh at the ministerial session organized by the Ministry of Investment with a delegation EFG Hermes Holding, the participation of ministers investment, industry and foreign trade, housing and urban communities, and during which the display the available investment opportunities and search entry group in the establishment of new investment projects have Egypt during the next phase.

The Osama Saleh that the Ministry of Investment is currently working on increasing foreign investment during the next phase, as befitting the size and location of Egypt on the map of global investment, and through a series of actions that will push the wheel investment and solve problems investors and simplify procedures to establish companies with mainstream services decentralized investment in the governorates, and continue to support and stimulate small and medium-sized enterprises and help them obtain funding methods. Osama Saleh stressed during his speech to the delegation EFG Hermes Holding that there was lots of interest from international companies to invest in Egypt, pointing out that there is great interest by many foreign investors to inject new investments during the current period.

The Minister pointed out that the investment last week has been full for the investment portfolio, where Egypt and received delegations from Saudi Arabia, Kuwait and the United Arab Emirates, South Korea and China, were all looking for investment opportunities in Egypt. The Osama Saleh to sign a contract with Korean company Samsung to set up a plant in Egypt with investments billion and 400 million pounds, next to the signing of an Egyptian company for a contract to produce steel, in cooperation with Italy, with investments amounting to one billion and 300 million pounds, as also pointed out that it was agreed to start in the implementation of the Chinese industrial zone in western Gulf of Suez start of next year, a project that is scheduled to pump about $ 1.5 billion of new investments in Egypt, all of which projects have been already signed contracts.