{"id":621153,"date":"2024-06-02T00:00:00","date_gmt":"2024-06-02T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2024\/06\/02\/madbouly-holds-a-virtual-meeting-with-investors-from-across-the-globe\/"},"modified":"2024-06-02T00:00:00","modified_gmt":"2024-06-02T00:00:00","slug":"madbouly-holds-a-virtual-meeting-with-investors-from-across-the-globe","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2024\/06\/02\/madbouly-holds-a-virtual-meeting-with-investors-from-across-the-globe\/","title":{"rendered":"Madbouly holds a virtual meeting with investors from across the globe"},"content":{"rendered":"

A virtual sit down with international investors:<\/strong> Prime Minister Moustafa Madbouly and several high-level government officials on Thursday held a virtual meeting with over 200 international investors, representing 110 companies, according to a cabinet statement<\/a>. The conversation centered around the local investment environment and gave investors the chance to ask questions.<\/p>\n

International representation: <\/strong>While the meeting saw investors of various nationalities, Gulf investors dominated the meeting. Some 59 Emirati investors and 37 Saudi investors were in attendance. Investors from the US, UK, and South Africa were also present. <\/p>\n

Also in attendance:<\/strong> Led by Madbouly, the meeting was attended by Vice Minister of Finance Ahmed Kouchouk, CBE Deputy Governor Rami Aboul Naga, and EFG Holding Group CEO Karim Awad.<\/p>\n

Smart policy:<\/strong> The government is working to attract more investors into the local market by being more transparent, adopting clear economic policies, and building a stable legislative framework, Madbouly told the investors. This includes providing fresh investments for investors, backed by smart tax and financial policies.<\/p>\n

What kind of investments?<\/strong> Madbouly points to industry, agriculture, ICT, and tourism as the main sectors under the government\u2019s radar over the coming period. <\/p>\n

More to come: <\/strong>The state will promote a list of \u201cattractive investments\u201d to Arab and foreign investors during the upcoming EU-Egypt Investment Conference<\/a>, kicking off on 29 June.<\/p>\n

ALSO FROM <\/strong>MADBOULY-<\/strong> <\/p>\n

When can we see the entirety of Ras El Hekma\u2019s investments? <\/strong>The USD 150 bn of investments expected<\/a> to be attracted as Ras El Hekma is built out will come at a rate of USD 3-4 bn per year, Madbouly said. By our math, this means we should see the total amount come in after 37 to 50 years.<\/p>\n","protected":false},"excerpt":{"rendered":"

While the meeting saw investors of various nationalities, Gulf investors dominated the meeting<\/p>\n","protected":false},"author":1,"featured_media":621154,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7272],"tags":[72,125,281],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-621153","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment-watch","tag-enterpriseam","tag-investment-watch","tag-moustafa-madbouly","wpautop","entry"],"acf":{"mongo_id":"ffe07982-7d27-4304-8d2d-e15f30abcbb0","order":"6","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/6\/38.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Egypt\u2019s Madbouly holds a virtual meeting with investors from across the globe","related_issue":[621144],"teaser":"While the meeting saw investors of various nationalities, Gulf investors dominated the meeting","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/6\/.88e5911f-d224-4df2-9ed6-3f34a9f36411.mp3"},"yoast_head":"\nMadbouly holds a virtual meeting with investors from across the globe - 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He gave ministers one week to submit any projects in their pipelines that they plan\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":548310,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/08\/03\/vitro-could-invest-usd-400-mn-in-egypt-more-interest-from-qatari-investors\/","url_meta":{"origin":621153,"position":2},"title":"Vitro could invest USD 400 mn in Egypt + more interest from Qatari investors","author":"enterpriseam admin","date":"3 August 2022","format":false,"excerpt":"One of the world\u2019s largest glass companies could be coming to Egypt: Mexican glass manufacturer Vitro plans to expand to Egypt and invest USD 400 mn to build two factories, GAFI head Mohamed Abdel Wahab said at a meeting with Prime Minister Moustafa Madbouly yesterday, according to a cabinet statement.\u2026","rel":"","context":"In "Investment Watch"","block_context":{"text":"Investment Watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/investment-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/8\/127.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":568587,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/01\/28\/investors-call-on-the-government-to-scrap-real-estate-tax-on-factories\/","url_meta":{"origin":621153,"position":3},"title":"Investors call on the government to scrap real estate tax on factories","author":"enterpriseam admin","date":"28 January 2020","format":false,"excerpt":"Investors call for an end to real estate tax on factories: The Investors Union has petitioned the government to abolish the real estate tax on the factories, less than a week after the cabinet decided to introduce new tax exemptions, the local press reports. 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