Minister of Investment and International Cooperation Sahar Nasr met with the delegation of the Deutsche Bank and representatives of a number of German funds, according to press statement on Thursday.
The meeting discussed encouraging German funds to invest in Egypt, to cooperate in the field of investment policy, and to support the private sector in the economic and social development process in Egypt. Furthermore, the meeting saw the discussion of enhancing the role of Deutsche Bank to improve the investment climate and attract foreign investments.
Nasr stressed that the New Investment Law gives unprecedented guarantees and incentives to investors.
“Egypt has all the qualifications to attract investments because of the advantages of excellence and competition,” she said. “The investment law takes into account social dimensions and promotes transparency, disclosure and governance standards,” she added.
The minister pointed out that there are many major investment opportunities such as the Suez Canal project and the New Administrative Capital, and the new investment map will provide more than 600 investment opportunities in different governorates of Egypt.
She noted that Egypt is one of the countries with the highest return on investment, and enjoys many investment advantages, especially the size of the large and promising market. Furthermore, Egypt is the gateway to a huge regional market in the Arab world and Africa.
The Deutsche Bank’s mission expressed the bank’s optimism about the economic reforms taken by the Egyptian government. The members of the mission confirmed the bank’s support of Egypt to inject new investments quickly, and they pointed out that Egypt is in a good position to attract more investments.
