Translated by Sama Marwan,
Ahmad Kouchouk, Minister of Finance, affirmed that we are keen on developing Egypt’s business environment to make it more attractive to investors across various economic sectors.
He pointed out that we will be more open with the business community in the upcoming period, providing more economic opportunities for the private sector.
We will work to stimulate production and export to make optimal use of the promising economic opportunities for investment in Egypt, considering the “Golden License” which crowns the state’s efforts in simplifying investment procedures.
The minister added, during his meeting with Chee Hong Tat, the Second Minister of Finance of Singapore, on the sidelines of the G20 meetings in Brazil, that Singapore is the fourth largest investor in Egypt, and we look forward to attracting more companies to boost economic activity.
He explained that deepening cooperation between the private sectors of Egypt and Singapore enhances the economic capacities of both countries, with maritime ports and renewable energy being promising areas for economic collaboration with Singapore.
The minister also noted that we look forward to a high-level dialogue between the finance ministries of both countries on issues of mutual interest, which will contribute to exchanging experiences with Singapore in human investment and developing capacities and skills in areas such as digital transformation, financial technology, improving tax administration, financial analysis, and macroeconomic policies.
