Cairo Chamber Gears Up for Investment Boom: New Committee Launched

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Tuesday - 28 May 2024 - 9:0 AM

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The Cairo Chamber of Commerce, headed by Mr. Ayman Ashry, has established the "Investment Committee," a specialized committee focusing on all aspects of investment, in line with the state's efforts to attract more investments to the Egyptian market and expand current investments, whether domestic or foreign.

 

The formation session of the committee was chaired by Mr. Sherif Yehia, Vice Chairman of the Cairo Chamber of Commerce, on behalf of Mr. Ayman Ashry. During this session, Ahmed Sherine Koryim was appointed as the committee's chairman, with Sami Al-Ansari and Galal Al-Ghor as the first and second vice-chairmen, respectively, and Wael Al-Essaily as the committee's secretary-general.

 

 The committee's membership includes Mohamed Hassan Abdelkader, Ahmed Taher, Majid Shafiq, Hossam Awadallah, Walid Khalil, Amr Al-Batouti, and Alaa Al-Khashn. Mr. Ayman Ashry highlighted the importance of the investment Sector and the significant attention given by the Egyptian political leadership, led by President Abdel Fattah El-Sisi, to investment and investors.

 

This emphasis prompted the formation of this committee, which will have numerous responsibilities in this field, including proposing visions and suggestions to develop investment and attract more investments, both domestic and foreign, to the local market to maximize economic and societal returns. Consequently, the committee will receive full support, similar to other divisions within the chamber.

 

 Mr. Sherif Yehia expressed high hopes for this committee in supporting the investment Sector, noting that it comprises prominent figures and extensive expertise in various investment fields. He emphasized that the committee and all its members bear significant responsibility, and it is also the chamber's responsibility to support this committee and facilitate its procedures through the chamber and its affiliates, who represent a substantial force across various sectors.

 

Mr. Ahmed Sherine noted that ever since Mr. Ayman Ashry proposed the idea of forming the committee, there has been considerable enthusiasm and solidarity among investors. The committee members bring diverse sectoral representation and expertise. With the current favorable conditions for investment in the local market and the heightened focus on this area, this initiative is viewed as a crucial step towards bolstering the national economy.