Businessmen to Hold Conference in UAE to Promote Investments in Egypt

Amwal Al Ghad has known that Mohammed Farid Khamis The head of Egyptian Union for Investors Associations and the CEO of Egypt’s leading carpet manufacturer Oriental Weavers Group (ORWE.CA) and a number of other businessmen are considering holding conference in UAE in order to promote investments in Egypt.

Egypt has suffered during the last years from Decline in Foreign Direct Investment (FDI) due to the political and security turmoil but the government is currently seeking to overcome all of these through promoting the local and foreign investment opportunities.

The main purpose of holding the conference in UAE is to promote the development projects in Egypt and to review them on the Gulf investors.

Businessmen are working to coordinate appointment with the Egyptian government to hold the conference within the upcoming phase.

FDI’s net profits reached US$1.84 billion at the end of the third quarter of 2013/2014 according to the latest government.