BEIJING, Aug 30 (MENA) – Egyptian Prime Minister Mostafa Madbouly has affirmed that the state provides several advantages and incentives for foreign and local investors and also works to attract more direct foreign investments.
The premier’s remarks came during a meeting on Saturday with Mo Dingji, Chairman of China National Chemical Engineering Company (CNCEC). It was Madbouly’s first meeting after his arrival in the Chinese capital, Beijing, to participate in the “Shanghai Cooperation Organization” (SCO+) summit held in Tianjin, China, on behalf of President Abdel Fattah al-Sisi.
During the meeting, which was attended by Egypt’s Ambassador to China Khaled Nazmy, the Chairman of CNCEC spoke about the company’s expertise in the petrochemical field and gave an overview of its investments in various countries around the world, particularly in several countries in the Middle East, Africa, and Southeast Asia.
He explained that the company produces many petrochemical products, including soda ash, affirming CNCEC’s aspiration to cooperate with the Egyptian government to expand the company’s investments in this field, especially agricultural fertilizers.
He reiterated that CNCEC looks forward to providing the best products in the Egyptian market, as it is a promising market, thanks to its important geographical location, the many facilities it provides, in addition to the advantages and trade agreements that help goods enter neighboring markets.
At the same time, he expressed his desire to visit Egypt in October and meet with the prime minister to discuss more opportunities for cooperation with the Egyptian government and review available investment opportunities between the two countries.
The prime minister affirmed his appreciation for the existing cooperation with the Chinese company and said that he is looking forward to its future investments in the Egyptian market in the coming period, pointing out that President Sisi is following the company’s investments in Egypt and hopes to implement its project to produce soda ash and other projects as soon as possible.
Madbouly added that the company’s investments in Egypt and the advantages and incentives provided to it can help it expand in the Middle East and Africa in the future.
He welcomed the company chairman’s planned visit to Egypt in October to discuss more areas of cooperation. (MENA)
