During the meeting, Abdelatty expressed Egypt's keenness to attract more Indian investments across various industrial sectors, particularly those needed by the Egyptian market. He noted that UFLEX is the second-largest Indian company investing in Egypt, with total investments exceeding $350 million, and that the company plans to expand its investments by establishing a factory in Ain Sokhna.
Abdelatty affirmed that the Egyptian government aims to
create a more competitive and attractive investment climate for both local and
foreign investments. This environment, he explained, is based on transparency,
providing a supportive institutional and legislative framework, improving the
business environment, simplifying procedures, and overcoming obstacles facing
investors, while enhancing the role of the private sector as a key partner in
development.
The Minister also highlighted the Egyptian government's commitment to meeting all requests from foreign investors and easing any difficulties they may face, including facilitating the issuance of visas for officials of foreign companies investing in Egypt.