Mohamed Maait, the Egyptian Minister of Finance, held a bilateral meeting with his Qatari counterpart, Ali bin Ahmed Al-Kuwari, on the sidelines of their participation in the joint annual meetings of Arab financial institutions, in Morocco.
The Egyptian minister said, “We are keen to enhance financial, tax and customs cooperation with the Qatari side, in a way that contributes to creating a more stimulating environment for trade, production and export between the two countries.”
He pointed out, “We are proceeding with structural reforms to empower the local and foreign private sector, and give it a greater opportunity to play its desired role in maximizing the productive and export capabilities of the Egyptian state, and strengthening the cohesion of the Egyptian economy. In this context, the importance of the state ownership policy document is growing in opening broad horizons for private investments.”
The Egyptian minister added, “We are looking forward to attracting more investments in promising development sectors, especially in light of the attractive opportunities that the state provides, in priority sectors in light of the global trend of green transformation and focus on renewable energy production, which is in harmony with the Egyptian efforts aimed at expansion.” In environmentally friendly investments, based on a developed infrastructure capable of meeting all the needs of investment and production activities.
For his part, Ali bin Ahmed Al-Kuwari, Minister of Finance of Qatar, said that his country is a major investor in Egypt in all sectors, pointing out that “we are seeking to stimulate Qatari investments in Egypt in continuation of the historical ties between the two countries..” He invited Mohamed Maait, Minister of Finance, to attend the Qatar Economic Forum. In Doha, which will be held from 23 to 25 May next.
This article was originally published by RT.
Image source: RT
