Egypt’s El-Khatib discusses investment, trade with Bahrain
Egypt’s Minister of Investment and Foreign Trade, Hassan El-Khatib has attended the Egyptian-Bahraini Joint Governmental Committee meetings for Trade, Economic, Scientific, and Technological Cooperation in Bahrain, as per an official statement.
El-Khatib met with Bahraini Minister of Industry and Commerce, Abdulla bin Adel Fakhro, and other officials from Bahrain to boost economic ties between the two countries, according to the statement.
He reviewed the investment opportunities in Egypt, along with the current measures and procedures implemented by the government in trade and investment policies to make it easier for investors and streamline foreign trade in the country.
El-Khatib highlighted the strong historical ties between Egypt and Bahrain, emphasising the significance of the Egyptian-Bahraini Joint Governmental Committee in enhancing economic relations.
He stressed the importance of maximising the benefits of the agreement to facilitate and develop trade exchange between Arab countries and implementing the executive programme for the Greater Arab Free Trade Area (GAFTA).
El-Khatib expressed support for collaboration between the private sector of both countries to create partnerships in investment projects, aiming to promote economic development and achieve sustainable development goals.
He highlighted Egypt’s attractive investment climate, including favourable infrastructure, skilled labour, and efficient engineers. Egypt’s free trade agreements with various countries and economic blocs, along with its favourable investment climate and opportunities, further enhance its appeal to foreign investors.
El-Khatib highlighted that Bahraini investments in Egypt focus on finance, industry, construction, agriculture, tourism, services, communications, and information technology.
Attribution: Amwal Al Ghad English
Subediting: M. S. Salama
AfDB 2023