Sahar Nasr, Minister of Investment and International Cooperation, met with Saudi investor Ghassan Al-Nemer, the owner of Ghassan Holding Group, at the headquarters of the ministry on Salah Salem street.
Nasr initiated the meeting and stressed that taking the necessary procedures to provide an attractive investment environment and improve the business environment is on top of her priorities, which would thus contribute to strengthening efforts to promote the economy and achieve the desired growth rates.
Nasr pointed out that the ministry, in coordination with all ministries, is currently working on developing an investment map, which will include investment opportunities in all governorates, including airports, ports, and industrial, investment, and free zones for Arab and foreign investors—these opportunities are to be compatible with Egypt’s vision to achieve sustainable development goals.
The Saudi investor praised the measures carried out by the Egyptian government for improving the investment environment, which encourages the Arab investors to inject more investments in Egypt. He also praised efforts of the Ministry of Investment and International Cooperation in solving the problems facing investors.
Al-Nemer is looking forward to expanding his investments in Egypt, and in this context, he presented to the minister a number of Egyptian projects the company plans to invest in. Projects include the establishment of an integrated residential complex in the New Administrative Capital, the cultivation of oil plants such as olives on an area of 60,000 feddans (62,270 acres) in Matrouh governorate or Bahariya Oasis, and the establishment of a number of commercial centers in the Egyptian governorates in partnership with specialized groups in Egypt.
The minister welcomed the desire of the Saudi investor to inject new investments in Egypt and called for investing in a number of projects in light of the Egyptian government launching many projects, including the Suez Canal development project. These are major projects that will contribute to achieving development in Egypt and providing job opportunities for young people.
Nasr met with Major General Adel Al-Ghadban, the governor of Port Said, in the presence of Mansour Amer, chairman of Amer Group, where the comprehensive development project of the Corniche area in Port Said was discussed, along with other investment opportunities in the governorate and the possibility of attracting new investors.
Amer expressed his desire to establish a “Porto Said” recreational investment zone on an area of 76,000 feddans (78,880 acres), which would include a number of hotels, malls, chalets, and yacht marinas.