Cooperation with the Irish Development Agency (IDA) was discussed when the Minister of Investment, Dr. Mahmoud Mohieldin met the IDA Executive Director, Mr. Robin Henry.
Cooperation between Egypt and IDA covers several fields especially mortgage finance, insurance and stock market, Dr. Mohieldin said. It is important to encourage Irish investments to come Egypt attracted by several investment opportunities available, he added.
A one-day event may be organized in Ireland to be attended by the General Authority for Investment and Free Zones (GAFI) to discuss cooperation and present the investment opportunities available in Egypt, Dr. Mohieldin said. It is left to GAFI to select the suitable time for this event.
Steps made by GAFI to improve the investment climate were explained by GAFI Vice Chairperson, Ms. Nevin El Shafei. This includes simplification of the establishment procedures and amending the legislative atmosphere, leading to an increase in foreign direct investments. Procedures have been taken to finalize the settlement of economic disputes.
Henry said that IDA is interested in boosting its relations with Egypt and providing assistance in development projects.
Source: Ministry of Investment
