Egypt is a major pillar of security and stability in the Gulf States and the Arab world

News from the United Arab Emirates – Omani companies have asserted that Egypt's leadership and position vis-à-vis the Omani people and government is a key pillar of the security and stability of the Gulf States and the Arab nation, as well as their willingness to increase their investment in Egypt. . This occurred at a meeting of Omani investors with Egypt's Minister of Investment and International Cooperation, Sahar Nasr, on Monday in the margins of Egyptian joint committee meetings. Omani.

The minister called on Omani companies to exploit the opportunities offered by the various investment sectors and to benefit from the incentives and facilities provided by the law on investment, given that Omani investments in Egypt still do not match the strength of relations between the two countries, which has only 88 Omani companies.

It was agreed to sign a memorandum of understanding between the General Authority for Investment and Free Zones and the General Authority for Investment Promotion and Development. Oman exports to promote bilateral investment cooperation in the context of promoting all investment opportunities and all developments related to the investment climate in both countries and make them available to the public. Joint projects and organization of meetings between businessmen and companies in Egypt and the Sultanate of Oman.
The chairman of the Chamber of Commerce and Industry of Oman said that the Omani side wanted to benefit from the incentives provided in the Investment Law to set up investment projects, especially in the economic zone of the Suez Canal.