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The volume of Iraqi investments in the Egyptian market is 500 million dollars
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The Egyptian Minister of Trade and Industry, Nevin Gamea, stressed the importance of enhancing the pivotal role of private sector men in Egypt and Iraq to contribute to the development of joint economic relations in general and industrial relations in particular, which will reflect positively on the increase in trade exchange rates and joint investments during the next stage.
In a statement seen by Al-Iqtisad News, the Egyptian minister said that the private sector is a major partner in implementing comprehensive and sustainable economic development plans in both Egypt and Iraq, which requires providing all support and assistance from the governments of the two countries to provide a favorable and attractive investment environment for investors to start a new phase of investment. Joint investment cooperation and the establishment of joint projects on both sides.
The minister pointed out that Iraq ranks 25th in the list of countries investing in the Egyptian market, with investments amounting to $500 million in 3,500 projects in the sectors of services, agriculture, industry, consultancy, finance, communications, information technology and tourism.
The minister pointed out the importance of strengthening the bonds of cooperation between the Federations of Industries in Egypt and Iraq and the exchange of industrial experiences, which contributes to expanding the base of industrial partnership between the two sides.
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