Investors’ Associations Union to hold conference on enhancing Egypt’s investment

Egyptian Union for Investors’ Associations is set to organise a conference to enhance domestic investment at the end of April 2016 in Sharm El Sheikh, union’s Head Mohamed Farid Khamis stated.

Speaking to Amwal Al Ghad Saturday, the head added that all parties of the economic system i.e. government and banking sector to discuss challenges that face the Egyptian investors.

The conference is also set to discuss the mechanisms of converting those challenges into real development opportunities within the upcoming period.

Khamis clarified that a bunch on joint projects between the government and investors are set to be announced on the sidelines of the conference.

The head added that Africa 2016: Business for Africa, Egypt and the World conference is important to overcome the obstacles that face trade movement as well as the mutual investments between Egypt and the African states.

On other side, Khamis -also the chairman of the leading carpet maker Oriental Weavers- noted that his company targets boosting exports to the African markets by 20 percent during 2016 through the trade agreements between Egypt and Africa notably the African Free Trade Zone Agreement.

The AFTZ will be among the regional blocs of East African Community (EAC), the Common Market for Eastern and Southern Africa (Comesa) and the Southern African Development Community (SADC).

The new tripartite free trade area aims to contribute to economic growth of the blocs and the entire African continent in general.