Participation of Consultant Dr. Hisham Fawzy in Expo Contract Event
Consultant Dr. Hisham Fawzy participated in an important event organized by “Expo Contract,” a member of the Chamber of Commerce of the Russian Federation and a trading partner of the Russian Export Center. The event focused on the Egyptian investment law and the incentives available for major foreign investors in Egypt. This official event was held in the conference hall of the “Tulip Golden Plaza” hotel on June 25, from 9 AM to 6 PM.
Egyptian Investment Law:
Consultant Dr. Hisham Fawzy delivered a distinguished speech highlighting the advantages of the Egyptian investment law, shedding light on recent amendments made to encourage foreign investments Consultant Dr. Hisham Fawzy explained that the law provides an attractive investment environment through tax and customs incentives, in addition to administrative facilities aimed at expediting investment procedures. He also discussed the investment opportunities available in various sectors such as industry, tourism, agriculture, energy, and infrastructure.
Incentives for Major Foreign Investors:
Consultant Dr. Hisham Fawzy pointed out the special privileges enjoyed by major foreign investors, which include obtaining land at competitive prices, long-term tax exemptions, and facilities for profit and capital repatriation. He also mentioned that the Egyptian government is working to provide a stable and secure business environment that ensures the protection of investors’ rights and facilitates the quick and efficient resolution of disputes.
Participation of the Russian Delegation:
The event witnessed the participation of a “business delegation” of Russian companies and entrepreneurs visiting Egypt to find business partners and build relationships with Egyptian businessmen. The visit included exploring leading companies and industrial associations in Egypt, reflecting the Russian side’s desire to enhance economic and trade cooperation between the two countries.
Event Activities:
Throughout the day, the event included several discussion sessions and workshops covering various aspects of investment in Egypt. The discussions focused on how to strengthen cooperation between Egyptian and Russian companies and showcased success stories of Russian investments in Egypt. Additionally, direct business meetings were organized between businessmen from both sides to discuss potential partnership and cooperation opportunities.
Importance of the Event:
The importance of this event lies in the ongoing efforts to strengthen economic relations between Egypt and Russia and encourage foreign investments in Egypt. It also provides a platform for companies and businessmen from both countries to exchange ideas and experiences and explore mutual cooperation opportunities.
In conclusion, this event represents a positive step towards enhancing economic cooperation between Egypt and Russia, reaffirming the attractiveness of the Egyptian market to foreign investors. These efforts are expected to result in new partnerships and increased investments that will benefit the economies of both countries.
