Photo : Egypt Media Office
Finance Minister Ahmed Kouchouk announced that the Egyptian government is eager to enhance collaboration with the United States Chamber of Commerce (USCC) to attract increased foreign direct investments across various sectors. The initiative also aims to establish more Egyptian-US investment partnerships, thereby bolstering the private sector’s contribution to the nation's economic activities.
Kouchouk made these remarks during a round-table meeting organized by the USCC, held on the sidelines of the 2024 Annual Meetings of the International Monetary Fund (IMF) and the World Bank Group (WBG) in Washington. His participation underscores Egypt's commitment to fostering international partnerships and creating a more conducive investment landscape.
Stay informed with the latest news. Follow DXB News Network on WhatsApp Channel
During the discussion, the finance minister highlighted the promising opportunities that exist within diverse competitive sectors in Egypt. He emphasized the government’s determination to create an attractive and investor-friendly environment to facilitate business growth. Kouchouk noted that a comprehensive and ambitious plan has been developed by the government’s economic ministerial group to increase the involvement of the private sector in the national economy.
In his statements, Kouchouk outlined the government’s objective of reducing investment costs in Egypt. This strategy aims to enhance production rates and stimulate economic growth. He mentioned that his ministry is collaborating closely with the Ministry of Investment to minimize tax burdens and unify fees collected from businesses, further simplifying the investment process.
The Minister's comments reflect a proactive approach towards building a robust investment climate in Egypt, promoting public-private partnerships, and ultimately driving sustainable economic development.
#trending #latest #Egypt #ForeignInvestment #USChamberOfCommerce #EconomicGrowth #FinanceMinister #AhmedKouchouk #InvestmentPartnerships #PrivateSector #IMF2024 #WorldBank #InvestmentOpportunities #BusinessDevelopment #headlines #topstories #globalUpdate #dxbnewsnetwork #dxbnews #dxbdnn #dxbnewsnetworkdnn #bestnewschanneldubai #bestnewschannelUAE #bestnewschannelabudhabi #bestnewschannelajman #bestnewschannelofdubai #popularnewschanneldubai
This discussion occurred during Minister Fouad's attendance at the Conference of the Parties to the United Nations Convention on Biological Diversity (COP16) he...Read More.
The 2024 UAE Government Annual Meetings will begin tomorrow in Abu Dhabi, under the chairmanship of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice Pre...Read More.
DigiHealth: World’s Largest Gathering for Digital Health Launches in Dubai from September 8-10, 2025
Eric Prydz Brings His Groundbreaking HOLO Show to Dubai for the First Time
Dubai is set to experience a groundbreaking fusion of music and technology as world-renowned DJ Eric
7 Emirates" Art Exhibition, curated by the highly regarded Jesno Jackson
Ratan Tata: A Legacy of Leadership and Kindness
Egypt, Global Environment Facility Engage in Talks Over Funding Matters
This discussion occurred during Minister Fouad's attendance at the Conference of the Parties to the United Nations Convention on Biological Diversity (COP16) he
UAE Government Annual Meetings Set to Begin in Abu Dhabi Tomorrow
The 2024 UAE Government Annual Meetings will begin tomorrow in Abu Dhabi, under the chairmanship of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice Pre
Egypt Aims to Enhance Urban Greening and Promote Environmental Sustainability
Egypt is implementing various initiatives to shift towards a green economy across all sectors, particularly in housing and utilities, while enhancing green mech
Hamdan bin Mohammed Reviews AED16 Billion RTA Main Roads Development Plan
His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, reviewed RTA's transformative initiatives designed to enhance urban mobili
Egypt and Somalia Explore Strengthening Agricultural Cooperation Efforts
Egypt's Minister of Agriculture and Land Reclamation, Alaa Farouk, met with Somalia’s State Minister for Agriculture, Asad Abdulrazak Mohamed, to discuss enhanc
China to Host World Free Zones Organization Annual Congress in 2025
The World Free Zones Organization announced during its visit to Hainan Province, China, that the country will host the 2025 Annual World Congress. A memorandum
‘Bedaya’ Initiative Services Reach 86.2 Million, Strengthening Community Support
Egypt’s Minister of Health and Population, Khaled Abdel Ghaffar, announced that the presidential initiative "Bedaya – A New Beginning for Building the Human" ha
Israeli Airstrikes in Gaza Claim 23 Lives Amid Intensified Northern Offensive
Palestinians described the recent aerial and ground offensives, coupled with forced evacuations, as "ethnic cleansing." They believe these actions aim to depopu
Dubai Press Club Unveils New Initiative for Content Creators in Dubai
The Dubai Press Club (DPC) has launched the ‘Dubai Content Creators Programme,’ a new media training initiative designed to equip emerging talent with advanced
Angry Crowds Hurl Mud and Insults at Spanish King During Flood Damage Visit
On Sunday, King Felipe VI visited Paiporta, Spain, to assess the extensive damage caused by unprecedented flash floods that have resulted in over 200 fatalities
© DNN. All Rights Reserved.