Investment Minister Hassan Khatib underlined the importance of promoting international cooperation to confront global economic challenges and create an investment-incentive environment.
Khatib highlighted the great chance offered by Egypt for investment in the fields of infrastructure and renewable energy.
Minister Khatib made the remarks during a roundtable in London comprising a number of Egyptian and foreign officials to review the main economic and investment issues.
Finance Minister Ahmed Kouchouk, Deputy Governor of the Central Bank of Egypt Rami Abul Naga, and Chairman of the Financial Regulatory Authority (FRA) Mohamed Farid took part in the event alongside representatives of a number of major international development and financial institutions.
Khatib reviewed the promising domains for luring foreign direct investments as well as sustainable and renewable energy financing.
He noted that the Egyptian government invested dlrs 300 billion in developing the infrastructure over the past decade, asse
rting that continued development of the infrastructure is meant to up economic growth rate at least 6-7 percent.
He stressed the importance of cooperation between the public and private sectors as vital for achieving sustainable development, adding that Egypt has great potentials to develop 100 gigawatts of clean energy.
The meeting falls within the framework of the Egyptian government’s keenness on opening new investment vistas, providing needed support to encourage international investors to join the Egyptian market.
Source: State Information Service Egypt