During a meeting with Egyptian Investment Minister Sahar Nasr on the fringe of the International Monetary Fund (IMF) Annual Spring Meetings, MIRASCO President Sami Rizk said his company seeks to investment in Egypt in view of the economic reforms adopted by the Arab state, the Egyptian Investment and International Cooperation Ministry said in a statement.
Also, representatives from a number of heavyweight American companies – who attended the meeting – also expressed desire to pump investments in Egypt in the coming period.
representatives hailed the measures adopted by Egypt over the past period with an
aim to improve the business climate, the statement added.
hailed several American companies,
including General Electric, Honeywell and Kellogg's, for
expanding their investments in Egypt
in the past period.
Nasr said the
Egyptian government is working hard to encourage private sector investments
which is a locomotive for realizing economic growth rate, creating jobs, and
She added that Egypt
carried out many economic reforms, topped by the new investment law.
She noted that
the government prioritizes the private sector's contribution to the development
process, especially through taking part in mammoth national projects, topped by
the Suez Canal development projects as well as
the establishment of a number of new cities.
She added that the Investment and International Cooperation Ministry launched an investment map to highlight investment opportunities nationwide.