In the Arab-Irish Forum: a large number of companies seeking to invest in Egypt

Bookmark and Share

Wednesday - 17 October 2018 - 10:34 AM




The successful implementation of the economic reform program, carried out in cooperation with the International Monetary Fund (IMF), has attracted a large number of European companies, especially Irish investors, to Egypt



On the sidelines of the Irish-Arab Economic Forum, which concluded in Dublin, the Irish companies are well aware that the business climate in Egypt is developing very rapidly and that the Egyptian government is removing the bureaucratic obstacles in order to attract more investments and technology to Egypt. As well as an Irish economist will visit Egypt in coming December.



For his part, Irish Ambassador to Cairo Sean Oregen said that a large number of Irish companies have shown great interest in economic developments in Egypt and are looking to invest in Egypt, especially in the production of highly quality food in Ireland, digital electronic technology and financial and banking services .



Dr. Alaa Ezz, Secretary General of the Federation of Egyptian Chambers of Commerce, said in the forum's main lecture on Egypt under the title "Egypt is the land of economic opportunities" that there are economic and investment advantages offered by Egypt especially its huge market and trained labor .



Ireland's exports to Arab countries reached about 5 billion euros in 2017 and is expected to reach more than 9 billion in 2020.