Egypt Hopes for more French InvestmentsSource: www.export-egypt.com 4/18/2016, Location: Africa |
|
|
|
|
 Egypt's Prime Minister Sherif Ismail expressed to French President Francois Hollande Egypt's hope for more investments during a meeting, the state-owned MENA agency reported.
Egyptian cabinet spokesman Hossam Qawish said that Ismail expressed his hope for more French investments in the field of new and renewable energy, as well as projects that would help in enhancing services provided to citizens and the transfer of advanced French technology to Egypt. Ismail affirmed Egypt's commitment to decentralisation and service upgrades, adding that the local municipal elections would be held before the end of 2016. The French president told Ismail that there was a readiness by French companies to increase investments in Egypt in several fields, including infrastructure, energy, electricity, tourism, culture, agricultural development and water treatment. The Egyptian prime minister said that Egypt was looking forward to French support for a fund through the European Bank for Reconstruction and Development needed to execute strategic projects. Ismail also expressed his hopes for France to take steps to promote French tourism to Egypt, especially with the Egyptian government’s efforts to ensure security at Egyptian airports. Hollande said that France is keen on the return of French tourism to Egypt for its ancient civilisation and unique tourist sites. Qawish added that Hollande praised the Egyptian government's efforts to accomplish economic reforms and provide a suitable environment for business and investment despite the challenges Egypt is facing. Earlier, Egyptian President Abdel-Fattah El-Sisi said that Egypt was looking forward to a partnership with French corporations on major national projects such as the Suez Canal Development Zone at the opening of a Franco-Egyptian economic forum attended by his French counterpart during his second two-day visit to Egypt. The two presidents have so far witnessed the signing of 18 financial deals worth more than 1.5 billion euros, as well as memorandums of understandings in the fields of transport, energy, renewable energy, gas and tourism. The French president's second visit to Egypt in less than a year, since the New Suez Canal inauguration in August 2015, included talks with his Egyptian counterpart about regional issues and means to enhance bilateral relations and combat terrorism. |
|
|
Financials and Investment News in Egypt >> |
 |
|||||
|
Egypt >> 11/21/2024 - An International Monetary Fund (IMF) mission led by Ivanna Vladkova Hollar wrapped up in-person discussions with Egyptian authorities in Cairo regardi...
|
Egypt >> 11/21/2024 - The Engineering Export Council of Egypt (EEC) revealed that engineering industry exports increased by 25.6 percent from January to September, reaching...
|
|
Egypt >> 11/20/2024 - Prime Minister Dr. Mostafa Madbouly held a meeting this morning at the government headquarters in the New Administrative Capital with Mr. Chang Won Sa...
|
Egypt >> 11/20/2024 - Egyptian Prime Minister Moustafa Madbouly, with Mahmoud Esmat, Minister of Electricity and Renewable Energy Minister, and Sultan Al Jaber, UAE Ministe...
|
|
Egypt >> 11/20/2024 - Egypt and Australia have seen a significant surge in their bilateral trade relationship, with the trade volume increasing from $270 million in 2015 to...
|
Egypt >> 11/20/2024 - Egyptian Prime Minister Moustafa Madbouli chaired the Cabinet’s weekly meeting in the New Administrative Capital.
The Cabinet is set to add... |
| Egypt Oil & Gas 1 >> 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | 24 | 25 | 26 | 27 | 28 | 29 | 30 | 31 | 32 | 33 | 34 | 35 | 36 | 37 | 38 | 39 | 40 | 41 | 42 | 43 | 44 | 45 | 46 | 47 | 48 | 49 | 50 | 51 | 52 | 53 | 54 | 55 | 56 | 57 | 58 | 59 | 60 | 61 | 62 | 63 | 64 | 65 | 66 | 67 | 68 | 69 | 70 | 71 | 72 | 73 | 74 | 75 | 76 | 77 | 78 | 79 | 80 | 81 | 82 | 83 | 84 | 85 | 86 | 87 | 88 | 89 | 90 | |
