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Trade Minister endeavors to double Qatari investments
15 Apr '08
2 min read
Presently, Qatar stands as the second largest Arab investor of Egypt after Saudi Arabia. Gulf based investors from UAE alone includes Emaar Properties, Etisalat, Abraaj Capital, Mubadala, Dubai Ports World and Tamweel, among others.
Egypt is successfully transforming itself into a regional export and investment center. Statistics for the year 2007 show that its economy grew at 7.5 percent while export growth touched 45 percent. Besides, it also attracted foreign direct investment worth $11 billion in the same period, registering a rise compared to an approximate $1 billion recorded four years ago.
The new industrial zone has helped immensely in building a relationship between the two countries with focus on economics and mutual investment opportunities.
Minister of Trade and Industry on his visit to Qatar discussed various other areas for investment in Egypt's expanding industrial sectors.
Textile, readymade garments and petrochemical are some of the most promising spheres where Qatari investment will be heartily welcomed.
Egypt is successfully transforming itself into a regional export and investment center. Statistics for the year 2007 show that its economy grew at 7.5 percent while export growth touched 45 percent. Besides, it also attracted foreign direct investment worth $11 billion in the same period, registering a rise compared to an approximate $1 billion recorded four years ago.
The new industrial zone has helped immensely in building a relationship between the two countries with focus on economics and mutual investment opportunities.
Minister of Trade and Industry on his visit to Qatar discussed various other areas for investment in Egypt's expanding industrial sectors.
Textile, readymade garments and petrochemical are some of the most promising spheres where Qatari investment will be heartily welcomed.
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