Minister of Finance, Dr. Maait, stressed that the Egyptian government is eager to increase investments directed to developmental sectors to effectively boost public services

• Gov't strives to increase developmental investments…to improve quality of citizens’ life
• We have promising chances that can attract new segments of investors and international development partners as well.
• Government seeks to boost business partnership with Canada and to encourage investments in securities.
• Canadian ambassador to Cairo: Egypt is one of our biggest business partners in Africa
• Major national projects…prompt Canada to expand its investments in Egypt.
• Canada seeks to boost bilateral economic and developmental relations and to support “Egypt’s vision 2030”

 

Minister of Finance, Dr. Maait, stressed that the Egyptian government is eager to increase investments directed to developmental sectors to effectively boost public services and improve quality of citizens’ life.  This reflects the efforts of the State to maximize fields of spending in order to lay the foundations of a comprehensive and sustainable development according to “Egypt 2030” vision. Hence, this highlights the importance of the unprecedented national projects that are being implemented in various sectors as considered promising developmental chances to boost investment and to attract new segments of investors, along with the international development partners to invest in Egypt, so as to accelerate the economic growth and thus provide more jobs,  Dr. Maait, assured.

 

During his meeting with Louis Dumas, Ambassador of Canada to Egypt, and his entourage, MoF minister stated that Egypt is looking forward to strengthening  joint Egyptian-Canadian economic and developmental cooperation relations, as well as business partnership with Canada to maximize Egyptian exports and encourage Canadian investments in Egypt including Egyptian securities.  The minister stressed his interest in  the joint cooperation between the Egyptian Ministry of Finance and its Canadian counterpart, hoping to digitalize the Egyptian financial systems through employing modern world technologies.

 

 

The minister also expressed his eagerness to hold an open meeting with the Canadian investors in Egypt and other investors who wish to invest in Egypt through the Egyptian Canadian business board.  This comes in accordance with the government's effort to create a convenient environment for investment, promote investment chances internationally, facilitate procedures and overcome all obstacles.

On his part, Mr. Louis Dumas expressed his happiness to assume office anew as  Ambassador of Canada to Egypt after his first tenure in the 1990s.  Thanks to the development that Egypt witnessed during the last years in all fields through implementing a number of major national projects, Mr. Dumas stressed his interest in encouraging Canadian investments in Egypt as being one of the biggest African business partners to Canada. This reflects the strong friendship between the two countries, and supports political willingness to develop cooperation ties between the two countries to achieve mutual interests.  He further pointed out Canada's keenness to promote bilateral economic and developmental relations and to support “Egypt 2030” vision.

 

Mr. Louis Dumas assured his interest to develop cooperation between the Canadian institutions and Ministry of Finance in Egypt, especially after the latter's technological developments in various fields, hence getting benefit from the Canadian expertise in this regard.

Mr. Joseph Towadros, senior business officer, and Ms. Yasmeen Wahhab, Trade Commissioner, attended the meeting from the Canadian side.   Whereas, from the Egyptian side attended Mr. Reda Abdelaal, head of the Egyptian Tax Authority, Mr. Hossam Hussien, minister's consultant for foreign relations, Ms. Nesreen Lasheen, head of investors' support unit, Ms. Do'aa Hamdy, acting head of foreign relations unit and Ms. Mounera Makram, diplomatic exemptions general director at the Egyptian Tax Authority.