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Egypt Investment Minister Meets SEDD Delegation |
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Written by Egypt News
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Wednesday, 04 November 2009 |
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Mahmoud Mohieldin
Egypt's Investment Minister
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The Egyptian Minister of Investment Mahmoud Mohieldin has received a
delegation from the Sharjah Economic Development Department, or SEDD,
led by General Manager Ali Saim
Al Mahmoud.
The two parties met at the Egyptian Ministry of Investment to discuss investment activities between the UAE and Egypt.
The meeting was attended by Khalid Muqalad, Business Development Manager at Ruwad Institution in Sharjah, the head of the Egyptian Investment Committee, the Egyptian Minister’s Consultant for Capital Market Affairs, the Egyptian Vice-President of the Financial Control Committee, as well as a number of external investment experts
and specialists.
“Coordinated efforts between Arab countries have always been identified as a set goal to develop the Arab economy. It is also a driving force for us to establish partnerships with other Arab entities to ultimately service the customer and to generate genuine Arab investments in order to create an Arab business community that is able to keep up with international competition standards,” said Said
Al Mahmoud.
The UAE is the third biggest country investor in Egypt, with investments totaling $4.01 billion, as at August 2009.
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