Cairo – Mubasher: Almost 23,000 companies have been established since the inauguration of the Investor Service Centre, the Egyptian investment minister.
In February 2018, President Abdel Fattah El-Sisi opened the centre with EGP 60 billion in capital.
The Investor Service Centre has provided more than 90,000 jobs, Sahar Nasr said in a statement.
Nasr stressed that the success of investment in Egypt is guaranteed as it has 100 million consumers, as well as being the gate for 1.2 million and 400 million African and Arab consumers, respectively.
She highlighted that Egypt has signed several investment and trade partnerships with the Arab and African states.
Egypt is working on boosting the private sector’s role in development and economic growth in a bid to attract new investments to major national projects that meet the citizens’ demand and provide jobs for youth and women, the minister said.
This came on the sidelines of Nasr’s meeting with a delegation comprised of representatives of major Japanese firms, Japan External Trade Organization (Jetro), and Japan International Cooperation Agency (JICA).
Nasr praised the economic coordination between Egypt and Japan over the past years resulted in the Japanese schools in Egypt and the Grand Egyptian Museum.
She called the Japanese delegation to boost their investments in the North African nation, especially after the huge legislative and institutional development the country witnessed.
For his part, chairman and CEO of Jetro Hiroyuki Ishige invited Nasr to participate in the 7th edition of Tokyo International Conference of Africa's Development (TICAD 7) next August, especially after Egypt is heading the African Union 2019.
