Egyptian-Gulf Business Forum: An Opportunity to Boost Gulf Investments in Egypt
This article was translated using artificial intelligence and the original language of the article is Arabic.
Dr. Saleh Bakr Al-Tayar, head of the Arab-European Studies Center in Paris, stated that the Egyptian-Gulf Business Forum, currently taking place, is a significant opportunity to enhance investments in Egypt.
In press statements today, he added that the volume of Gulf investments in Egypt reached approximately $33 billion by the end of last year, stressing the need for further efforts between the two sides to increase this figure in a way that serves both the Egyptian and Gulf economies.
Al-Tayar emphasized that the Egyptian government pays great attention to Gulf investments, pointing out that Gulf investors have numerous good investment opportunities in the Egyptian market.
He explained that the reforms carried out by the government in recent years have contributed to attracting many foreign direct investments to Egypt.
Al-Tayar affirmed the political and national orientation of the Egyptian state to strengthen the frameworks of joint economic cooperation with the sisterly Gulf Arab states, considering it a fundamental pillar for facing the successive global economic crises, pointing to the keenness of the Egyptian private sector to create a strong Arab alliance that contributes to achieving joint Arab economic development.
He explained that this forum represents an important platform for the meeting of government leaders, chambers of commerce, and financial and business leaders from the Gulf Cooperation Council countries on Egyptian soil to exchange dialogue and experiences with their Egyptian counterparts in several areas, most notably benefiting from the distinguished relations that link the political leaders in Egypt and the Gulf Cooperation Council countries to develop economic cooperation in various fields, from joint manufacturing, encouraging investments, developing intra-trade, agriculture and food processing, transportation and logistics, tourism, linking electricity, oil and gas networks, and utilizing national capabilities and seeking to integrate resources, in a way that deepens cooperation in facing the repercussions of successive global economic crises.
