‘About 50 funding alternatives galore for Qataris in Egypt’

Doha: Chairman of Qatar Chamber Sheikh Khalifa bin Jassim Al Thani met yesterday on the Chamber’s headquarters with Counselor Mohamed Abdel-Wahab, CEO of the Basic Authority for Funding and Free Zones, who’s at present visiting Doha, and his accompanying delegation.

The assembly touched on funding cooperation between the 2 international locations, alternatives out there on either side, and incentives supplied by the Egyptian authorities to draw overseas buyers.

Additionally attended on the assembly QC First Vice-Chairman Mohamed bin Twar Al Kuwari, a lot of QC board members and the overall supervisor, and Ambassador of the Arab Republic of Egypt to the State of Qatar H E Amr Kamal El-Sherbiny.

Talking on the assembly, Sheikh Khalifa lauded the 2 international locations’ relations, stressing that these relations have seen important growth over the previous few years.
Sheikh Khalifa confirmed the robust want of Qatari buyers to increase their investments in Egypt in numerous sectors like agriculture, business, meals safety, actual property, tourism, infrastructure, hospitality, and others.

He praised the growth witnessed by Egypt by way of the infrastructure and attraction of the financial system, anticipating that the upcoming interval will see extra Qatari investments in Egypt and additional cooperation between Qatari and Egyptian buyers by establishing joint ventures and initiatives.

For his half, Counselor Mohamed Abdel-Wahab reviewed procedures of doing enterprise in Egypt and a very powerful incentives supplied by the federal government for buyers, and the position performed by the Basic Authority for Funding and Free Zones, as a focus between buyers and the Egyptian authorities.

Abdel-Wahab paid tribute to the Qatari businessmen’s curiosity to find out about alternatives out there in his nation, stressing that the Authority affords a set of incentives and services for buyers, whether or not in free and financial zones or others. He famous that there are about 50 funding alternatives poised for funding, calling the Chamber to flow into amongst its members and Qatari buyers.

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“The Basic Authority for Funding and Free Zones is ready to assist Qataris prepared to put money into Egypt, inform them on the out there alternatives and streamline procedures to start their initiatives in a short while,” he mentioned. 

He known as on Qatari buyers to go to Egypt to get acquainted with these alternatives galore in a lot of promising sectors, inviting the Chamber and Qatari businessmen to attend the ‘Arab Funding Discussion board’, which is scheduled to be held in September this yr in Cairo, to satisfy their Egyptian counterparts to debate funding alternatives on the bottom.

Throughout the assembly, each events agreed on the significance to spice up cooperation between each entities and the necessity to activate the Qatari Egyptian Enterprise Council. In addition they mentioned the likelihood to carry joint festivals to advertise Qatari and Egyptian merchandise on either side.