Home / Knowledge / News / Textiles / Trade Minister endeavors to double Qatari investments
Trade Minister endeavors to double Qatari investments
15
Apr '08
The Trade and Industry Minister for Egypt recently visited Qatar with the aim of promoting trade and investment ties between the two countries.

A special emphasis was laid on attracting Qatari investment into the newly planned Qatari Industrial Zone in Egypt which will be the first of its kind in North African country.

Memorandum of Understanding (MoU) was inked last year, with Qatari Diar Real Estate Investment Company, to begin technical preparations for the establishment of this industrial zone.

To be located in Borg el Arab, on the Mediterranean coastal region of Egypt, the zone will cover 8.81 million square meters and is expected to generate production of around LE55bn (QR37 bn).

Besides, it will also attract investments worth LE16 billion and generate about 133,000 jobs in the country over the next 10 years. This will make the industrial zone, one of the largest Qatari investments ever in Egyptian industry.

Egypt offers a host of advantages to investors as its deregulated local business environment, competitively priced manufacturing environment in terms of land, labour and energy; the largest skilled workforce; and a strategic geographic location are very conducive for the development of any enterprise.

In addition to this, investors can also enjoy duty-free access to some of the largest consumer markets because of its unique preferential trade agreements with the United States, Europe, Africa, the Middle East and Turkey.


Must ReadView All

Robert Lighthizer speaking at the opening of the ministerial plenary of the 16th Forum of AGOA, in Lome. Courtesy: US Embassy in Togo

Textiles | On 17th Aug 2017

US committed to Africa, Lighthizer tells AGOA forum

The United States and Africa can jointly create a better business...

Textiles | On 17th Aug 2017

Sri Lankan textile exports down 4.1% in May 2017

After showing positive trend for two consecutive months, Sri Lankan...

Courtesy: American Eagle Outfitters/Aerie

Apparel/Garments | On 17th Aug 2017

ABFRL to sell American Eagle products in Indian market

Aditya Birla Fashion and Retail Ltd (ABFRL) has entered into a...

Interviews View All

Karan Suratwala
Key Textile Accessories Private Limited

Chinese imports are destroying the supply chain

Yashiki Gumber
Sahiba Fabrics

Fabric does not restrict us from fashion trends

Dinaz Madhukar
DLF Emporio and DLF Promenade

‘Each event and promotion is planned out keeping in mind the business of...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Sidharth Sinha
Sidharth Sinha

<b>Sidharth Sinha</b> has contributed to the successful rebirth and...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

August 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
66.7%
No
18.5%
Skip
14.8%

Total Votes: 27

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
37.0%
No
40.7%
Skip
22.2%

Total Votes: 27

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
81.5%
No
7.4%
Skip
11.1%

Total Votes: 27

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
55.6%
No
11.1%
Skip
33.3%

Total Votes: 27


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search



X