Seeking to Increase Alhokair Group’s Investments in Egypt

March 2017

Dr. Nasr: “We support Arab investors to double their investments in Egypt”. The Minister of Investment and International Cooperation Dr. Sahar Nasr met with representatives from Fawaz Alhokair Group (the Group), in presence of the Minister’s Assistant Mohamed Abdel-Aziz, at MIIC’s premises. Both sides discussed increasing the Group’s investments in Egypt, where the representatives expressed their willingness to inject new investments during the upcoming period through the Egyptian Centers for Real Estate Development Co. they added that the Group aimed to established three malls in the New

Negotiations over the WB’s 3rd Tranche worth USD 1 Billion Commenced, Dr. Nasr

March 2017

The Minister of Investment and International Cooperation Dr. Sahar Nasr emphasized that she held a meeting with the World Bank’s (WB) mission currently visiting Egypt to negotiate over the 3rd tranche worth USD 1 billion, under the USD 3 billion funds provided by the WB to support the government’s economic reform program. Dr. Nasr indicated that the mission visited Egypt to make sure of the reforms carried out by the government to improve the investment climate in Egypt and identify the steps taken by the government in the fields based on which Egypt is ranked in the Doing Business Re

Dr. Nasr Chairs the Egyptian- Lebanese Ministerial Committee

March 2017

On 22 March 2017, the Egyptian- Lebanese Ministerial Committee was held, co-chaired by the Minister of Investment and International Cooperation Dr. Sahar Nasr and the Lebanese Minister of Economy and Trade Mr. Raed Khoury. The Joint Higher Committee is expected to be held tomorrow, co-chaired by the Egyptian PM Eng. Seriff Ismail and his Lebanese counterpart Saad Hariri. At the beginning of her speech, the Minister welcomed the Lebanese delegation, wishing success for the committee, in favor of the Egyptian and Lebanese peoples. The Minister stated that the meeting aim

Discussions with the CEO of Huawei Egypt to increase its investments in Egypt

March 2017

The Minister of Investment and International Cooperation Dr. Sahar Nasr met with Mr. Terry Liu, CEO of Huawei Egypt, at MIIC's premises. The Minister emphasized that Egypt welcomed serious investments and worked on overcoming all obstacles facing them and on eliminating bureaucracy, besides fostering an investment attractive climate. Both sides discussed Huawei's plans during the upcoming period. Within this framework, Mr. Liu indicated that they were willing to increase their investments in Egypt, noting that Egypt was a good market for the company's investments in Nor