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Finance Minister: We have promising opportunities that attract new segments of investors and international development partners


Increasing development investments ... to improve the quality of life of citizens


Enhancing commercial partnership relations with Canada ... and encouraging investment in securities


The Canadian Ambassador in Cairo: Egypt is one of our biggest trading partners in Africa


Major national projects ... push us to expand our investments in Egypt


Upgrading bilateral economic and development relations and supporting "Egypt Vision 2030"

 

Mohamed Maait, Minister of Finance, affirmed the Egyptian government's keenness to increase investments directed to development sectors. To contribute effectively to improving public services and improving the quality of life of citizens, in a manner that reflects the state’s efforts to maximize spending on laying the foundations for comprehensive and sustainable development in accordance with the vision of "Egypt 2030". In this context, the importance of the unprecedented national projects that are being implemented in various sectors becomes evident; As promising development opportunities that open up broad prospects for investment, and attract new segments of investors and international development partners to work in Egypt; To drive job-rich economic growth.

 

The Minister said, in his meeting with the Canadian Ambassador in Cairo Louis Dumas, and his accompanying delegation, that we look forward to strengthening means of economic and development cooperation and commercial partnership relations with the Canadian side; In a way that helps maximize Egyptian exports and encourage Canadian investments in Egypt, including “Egyptian securities,” pointing to his interest in joint cooperation between the finance ministries of the two countries in light of the endeavor to digitize the Egyptian financial systems using the latest global technologies.

 

The minister indicated his keenness to hold an open meeting with Canadian investors working in Egypt, and others who wish to direct their investment activities to Egypt, through the Egyptian-Canadian Business Council, as part of the government's endeavor to create a favorable environment for investment, promote investment opportunities internationally, and facilitate procedures, Overcoming any obstacles.

 

The Canadian ambassador in Cairo, Louis Dumas, expressed his happiness at his return to diplomatic work in Egypt again, after his first term in the 1990s; Especially in light of what Egypt is witnessing in recent years of tangible development in all fields by implementing a number of major national projects that push it to work in order to encourage Canadian investments to expand in Egypt; As one of the largest trading partners of Canada in Africa, in a manner that reflects the strength of friendly relations and provides the political will to develop the bonds of cooperation between the two countries to achieve common interests, explaining the Canadian side's keenness to promote bilateral economic and development relations, and support "Egypt Vision 2030".

 

Canadian Ambassador in Cairo Louis Dumas confirmed his interest in developing cooperation between Canadian institutions and the Ministry of Finance, especially in light of the technological developments that the Ministry of Finance is witnessing in many of its fields of competence In order to benefit from the Canadian expertise in this regard.

 

The meeting was attended from the Canadian side: Joseph Tadros, Chief Commercial Officer, Yasmine Wahab, Commercial Commissioner .. and from the Egyptian side: Rida Abdel Qader, Head of the Tax Authority, Ambassador Hussam Hussein, Advisor to the Minister for External Relations, Nasreen Lashin, Head of the Investor Support Unit, and Doaa Hamdy Acting Head of the Relationship Unit. Ministry of Foreign Affairs, and Munira Makram, Director General of Diplomatic Exemptions at the Tax Authority.

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