"Egypt has one of the largest markets in the Middle East and North Africa region," said Eng. Ibrahim El-Araby, Chairman of Cairo Chamber and Deputy Chairman of the General Federation of Chambers of Commerce. "We are taking steady steps and in accordance with a well-planned plan to diversify our economy and develop its productive capacities in various fields. Strong partnerships with the largest number of international partners and the constant welcome of investors from different countries. This came during the Egyptian-Brazilian Forum organized by the Cairo Chamber on Sunday (April 15th) at the Chamber of Commerce for fostering Investment Relations between the two countries.
Al-Araby raised a question during the meeting of the Brazilian delegation: Why you should invest in Egypt? "The Egyptian government has embarked on a comprehensive program of economic and legislative reform, overcoming obstacles to foreign investment, granting many incentives to investors, developing and establishing a large road network, ports, communications and energy, processing many industrial zones and issuing a new investment law that protects investors and eliminates bureaucracy to facilitate registration and operating procedures . .
El-Araby said that Cairo Chamber is working in coordination with all concerned authorities in the country to overcome any obstacles that may appear to foreign investors. The Chamber also provides all data on Egyptian products that can be exported to the Brazilian market, Available in the domestic market.
For his part, Maj .Gen. Salah Al-Abd The treasurer of Cairo Chamber, said that Egypt is characterized by a wide range of investment fields, a fast-growing consumer market and The abundance in manpower, as well as access to the major markets in the world through Egypt's signing of several trade agreements such as COMESA with Africa, QIZ with the United States of America, free trade agreement with EU countries, free trade with Arab countries and other agreements.
For her part, Fernanda candido Baltazer, head of the Brazilian delegation said that the aim of this meeting is to establish joint investments between the two countries in various fields, which will contribute to increasing the volume of trade exchange between them. Brazilian companies have the readiness to invest in Egypt and seek to develop mutual economic relations.
