QBA, Egyptian Investment Minister discuss expanding economic partnership
<p>Doha, Qatar: The Qatari Businessmen Association (QBA) met with HE Minister of Investment and Foreign Trade of the Arab Republic of Egypt, Dr. Mohamed Farid Saleh and his accompanying delegation to discuss expanding mutual investments and strengthening the economic partnership between the two countries.</p> <p>The meeting was attended by QBA Chairman, HE Sheikh Faisal bin Qassim Al-Thani…
On Tuesday, the Qatari Businessmen Association (QBA) convened with Egypt's Minister of Investment and Foreign Trade, Dr. Mohamed Farid Saleh, and his delegation in Doha, Qatar. The purpose of the meeting was to explore ways to enhance economic partnership and mutual investment opportunities between the two nations.
Attending the discussion were QBA Chairman, HE Sheikh Faisal bin Qassim Al-Thani, and association members. The dialogue centered on bolstering economic and investment ties, fostering reciprocal investments, and identifying joint projects in sectors deemed crucial to the economies of both countries.
Emphasizing the importance of the Egypt-Qatar economic and investment relations, QBA Chairman highlighted the vast potential for private-sector cooperation and long-term investment partnerships. He underscored Egypt's investment advantages, such as its expansive domestic market, diverse economic sectors, strategic geographic location, and burgeoning opportunities in manufacturing, industry, tourism, and services.
Qatari businesspeople expressed interest in expanding their investments in Egypt, seizing opportunities across various sectors. To facilitate this, the chairman stressed the importance of offering precise investment information, streamlining procedures, and addressing investor challenges.
Dr. Mohamed Farid Saleh, the Egyptian minister, echoed the sentiment, noting the growth of economic and investment relations between the two countries. He praised Qatar's investments in Egypt as a testament to confidence in the Egyptian economy's opportunities and potential.
In response, the minister announced that Egypt's Ministry of Investment and Foreign Trade would establish a specialized department dedicated to managing Qatari investors' affairs, streamlining procedures, tracking project progress, and addressing any obstacles encountered. This department would provide investors with comprehensive information on available investment opportunities, land, and projects, along with applicable conditions and requirements.
Furthermore, the minister outlined the Egyptian government's ongoing efforts to improve the investment climate and develop incentives and facilitation measures. He emphasized the significance of collaborating with Qatar's private sector in key sectors such as industry, tourism, real estate, logistics, and others.
Written by urgent.news from The Peninsula Qatar Business's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
