Conference on Investment, Logistics, Industry Kicks off in CairoSource: www.export-egypt.com 11/4/2015, Location: Africa |
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Cairo will host more than 1,000 business figures from Arab and foreign countries in a conference on economy and investment that planned to be held on November 7-10.
Head of the Federation of Egyptian Chambers of Commerce (FEDCOC) Ahmed el Wakil made the remarks in a statement.
The conference is intended to attract investment opportunities from all over the world, especially the Middle East and Europe. It is set to be presided over by the Prime Minister, the Chairman of Suez Canal Authority and the ministers of the Economic Group in the cabinet. Moreover, it will be attended by representatives of the Association of the Mediterranean Chambers of Commerce and Industry (ASCAME), as well as the Union of African Chambers and the Islamic Chamber of Commerce and Industry. The conference aims to attract the participation of European Union financiers, over 1,000 business leaders, and senior Arab and foreign investment figures, in the hopes of maximizing international participation and promoting Egypt as a hub for world trade. Participants will also include foreign ambassadors, heads and directors of banks and financial institutions, heads of investment and financial funds, development banks and foreign delegations. The conference informs the business community and the international investors with the overall economic climate and investments policies in Egypt. It is a step to turn the country to a center for manufacturing exports, and ultimately, as a strong economic gateway to the rest of the continent. The conference also targets attracting investments to different sectors in the form of major projects in the Suez Canal Axis, the new capital, and projects in the sectors of agriculture, electricity and energy. It comes in light of new decisions and legislation adopted by the government to reform the investment climate, the FEDCOC chief stressed. Wakil highlighted the need to take advantage of the country's existing features and accomplishments, namely the new Suez Canal, as well the recent discovery of a major natural gas field, which he said were all proof of Egypt's being on the right track. |
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