Federation of Egyptian chambers of commerce start the implementation of an integrated program

to promote the  International Investment in the Suez Canal Corridor Development Project.

Mr. Ahmed Al-Wakeel, the chairman -  stressed the need to set up a logistic service center to

support the industrial commercial traffic between Egypt and various countries, and also called for the

establishment of a governmental units on different rules and concepts involved in dealing with workers,

residents and investors.

Mr. AL-Wakeel commended to purchase shares in some of the projects there, which parts of them will

go for initial public offering.

Dr. Alaa Ezz, chief Executive of federation of Egyptian & European chambers of commerce pointed out

that all concessional financing mechanisms and the long-terms available for the private sector from banks

and international development funds, have been counted to exceed 22 billion Euro to be used as a

mechanism to attract investment.