Cairo, November 01 (QNA) – HE President of the Qatari Businessmen Association (QBA) Sheikh Faisal bin Qassim Al Thani, affirmed the importance of strengthening joint cooperation between Qatar and Egypt in various economic fields, and benefiting from the great opportunities and potentials of the two countries in this regard, pointing to the important role played by the private sector in the two countries to strengthen bilateral relations.
This came during a meeting held by a delegation from the Qatari Businessmen Association headed by HE Sheikh Faisal, with HE Egyptian Minister of Health in Cairo Khaled Abdel Ghaffar.
HE Sheikh Faisal welcomed the investment opportunities available in it, and the study of building hospitals in Egypt, noting that they are now studying investment in the fields of Egyptian health care.
For his part, HE Egyptian Minister of Health Khaled Abdel Ghaffar stressed that his country places at the top of its priorities the support of the health sector to advance the treatment system in Egypt, noting that the health care industry provides promising investment opportunities in the Egyptian market.
On the other hand, a delegation from QBA discussed with CEO of the Egyptian General Authority for Investment and Free Zones Counselor Mohamed Abdel Wahab ways to strengthening investment cooperation between the two countries, in the presence of a number of Egyptian businessmen and officials in the economic ministries, and the heads of Qatar National Bank in Egypt and Banque Misr.
The two sides agreed to study a number of projects and turn them into real investments, especially in the fields of tourism, health care, real estate, oil and gas.
In a related statement, HE Chairman of the Qatari Businessmen Association Sheikh Faisal bin Qassim Al-Thani, stressed the importance of economic cooperation between the two countries, praising the experience of economic reform implemented by Egypt over the past years, and encouraging Qatari companies to study promising investment opportunities in Egypt.
HE said, in a statement, that mutual economic opportunities between Qatar and Egypt are crowded to develop their cooperation in the trade and investment sectors, which contributes to strengthening their economy, in addition to the importance of Qatari investments in Egypt to support the two countries’ economies, as Qatari direct investments in Egypt exceed USD 4 billion.
He confirmed that the economic opportunities in Egypt are great, and the Gulf countries are among the first investors there, and accordingly Qatar has this potential, and the opportunity is available to it to invest in agriculture, energy, tourism, food security and food industries, in addition to investments in water, communications and information technology, as well as in the real estate sector.
For his part, CEO of Egyptian General Authority for Investment and Free Zones (GAFI) Counselor Mohamed Abdel Wahab, said that with the directives of the Council of Ministers, the Authority is responsible for providing all official licenses and overcoming obstacles for any Qatari investor, so their country is keen to expand existing Qatari investments, in addition to their keenness to present the industrial projects that Egypt deserves, a detailed presentation was made on the new investment law in Egypt and the investment map in Egypt.
Abdel Wahab presented a specific set of investment opportunities to representatives of the Qatari Businessmen Association for study and selection of appropriate projects for each investor according to his priorities, noting that it was agreed to form a working group to follow up, and to present opportunities periodically to Qatari companies interested in implementing new investments in Egypt, or expanding in existing investments.
He also agreed with QBA to form a small working group to study investment projects, whether in Egypt or Doha. (QNA)