Egypt announces its final position on the Iraqi talks
Egypt announces its final position on the Iraqi talks
10/31/2020 16:48:44
{Baghdad: Al Furat News} The Egyptian Prime Minister, Mostafa Madbouly, announced that Egyptian construction companies are ready to enter the Iraqi market. To contribute to the development of infrastructure and reconstruction efforts, and the development and development of the construction and housing sector.
Madbouly also welcomed, according to the Egyptian news sites, the transfer of the expertise available to the Egyptian government in the fields of electricity and energy, stressing the Egyptian state’s keenness to seek to intensify and develop cooperation in this vital field, which is a basis for encouraging any investments and establishing any industries, pointing also to Egypt. It is fully prepared to increase cooperation in the electrical interconnection project with Iraq, in coordination with Jordan.
He stressed that Egypt is also looking forward to activating cooperation frameworks in the fields of developing medium, small and micro enterprises. This is due to its great role in empowering women and youth economically.
Madbouly expressed the Egyptian government’s aspiration to make a great leap and qualitative leap in investment cooperation relations between the private sector and businessmen in the two countries, and to enhance their vital role in achieving economic growth, raising employment rates and increasing national income, noting that the Egyptian government has finished preparing the comprehensive investment map. , Which clearly explains promising investment opportunities in all fields and sectors, covers the geographical area of the land of Egypt, and clarifies the legislation and laws issued that stimulate investment.
Madbouly also announced that the door for (foreign private investment) in Egypt is wide open to our Iraqi brothers, and all support and assistance will be provided to Iraqi investors.
While stressing the importance of working for the establishment of joint industrial projects in the fields in which both countries enjoy comparative advantages, and exporting the production of these projects to markets that can absorb their products in the region and the world, he affirmed in this regard the readiness of the Egyptian government, with all its ministries and agencies Concerned, to fully cooperate with the relevant Iraqi authorities in order to achieve this goal.
alforatnews.com
