Egypt Offers Range Of Industrial Incentives For Qatari Investors

2025-02-10 02:37:57

(MENAFN- The Peninsula) The Peninsula

DOHA: Egypt's Deputy Prime Minister for Industrial Development and Minister of called on Qatari businessmen to invest in his country, particularly in the industrial sector. He highlighted the numerous incentives and facilitation measures Egypt has introduced for Qatari investors, including the expedited allocation of industrial land and the issuance of licenses on the same day.

This was revealed during a meeting held yesterday, at the Sheraton Doha Hotel with Qatar Chamber's Chairman sheikh Khalifa bin Jassim Al Thani, along with several QC members. The meeting was also attended by Eng. Mohamed Zaki Al Suwaidi, Head of the Federation of Egyptian Industries, and Amr Al Sherbini, Ambassador of the Republic of Egypt to Qatar.

During the meeting, both sides discussed bilateral relations, especially in the fields of trade and industry and means of enhancing them, and the engagement of the private sector in both Qatar and Egypt in promoting investments between the two sides.

Al Wazir also noted that there are 23 investment opportunities within Egypt's industrial sector that are open to Qatari investors. These include high-potential industries that address domestic market needs and have strong export potential.

He further affirmed that the Ministry of Transport and Industry is fully prepared to provide all necessary support and facilities to Qatari investors.

For his part, Sheikh Khalifa bin Jassim Al Thani praised the strong fraternal ties between Qatar and Egypt, highlighting the ongoing collaboration between the Qatar Chamber and the Federation of Egyptian Chambers of Commerce.

He emphasized the importance of enhancing cooperation across various economic sectors and strengthening the relationship between businessmen from both nations, stressing that this collaboration would activate joint investments and mutual ventures, ultimately boosting trade exchanges.

He reiterated that there is a shared desire among the private sectors of both nations to strengthen joint cooperation moving forward.

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