Cairo: The Chairman of the Qatari Businessmen Association Sheikh Faisal bin Qassim Al Thani, affirmed the Association’s keenness to develop investment relations and exploration of investment opportunities with Egypt in all fields.

This came during a meeting of a delegation from the Qatari Businessmen Association in Cairo with the Egyptian Ministers of Planning and Trade, and officials in the trade and investment sectors.

Sheikh Faisal said that there is a positive change in the investment climate in Egypt pointing out to the various elements of attraction for Qatari investors and areas for building investment alliances with Egyptian and foreign businessmen. He stressed the keenness of Qatar Businessmen Association to work with the Sovereign Fund of Egypt during the coming period.

The Chairman of the Qatari Businessmen Association confirmed that there is a firm desire of Qatari businessmen to invest in the Egyptian market and to strengthen the strategic partnership between the two brotherly countries, especially in light of the full support of the Egyptian state, noting that the list of projects presented during the meeting had been approved by many companies, as they expressed their desire to study some of these projects and then take the decision to invest in the Egyptian market.

In turn, Sheikh Hamad bin Faisal Al Thani, a member of the Associations Board of Directors, stressed the importance of permanent communication between the Egyptian and Qatari business community to benefit from the available opportunities not only in the field of industry, but in all other sectors, noting that the Association plays its role as a link between  Egyptian business organizations with the Qatari Business Association for the development of Joint cooperation and exploration of investment opportunities available in both countries.

For her part, the Egyptian Minister of Planning and Economic Development H E Dr. Hala El Said said that the law on the Sovereign Fund of Egypt was enacted in accordance with the Egyptian circumstances and capabilities, as well as the state’s interest in preserving the rights of future generations, while at the same time taking into account the flexibility needed by the investment sector.

Meanwhile, CEO of the Sovereign Fund of Egypt Ayman Soliman reviewed a number of projects implemented through the fund and in partnership with investment alliances, including the development of the Tahrir Complex and projects for the production of electric vehicles in the Suez Canal Economic Zone, as well as projects in the education sector, water desalination, the development of archaeological sites and the renewable energy sector.

In the same context, the Egyptian Minister of Trade and Industry H E Eng. Ahmed Samir affirmed the Egyptian states keenness to develop joint economic, commercial and investment cooperation relations with the State of Qatar in the interest of the Egyptian and Qatari economies alike, pointing to the importance of strengthening joint efforts between governments and business communities of the two countries to maximise the benefit from their great economic potentials and translate them into tangible cooperation projects that achieve the aspirations of the two brotherly peoples.