The delegation first met with Rashid Almansoori, CEO of Aamal Holding. The Qatari conglomerate expressed significant interest in investing in Egypt's new and renewable energy, pharmaceuticals, car tire manufacturing, metallurgy, and automotive sectors. Aamal is reportedly considering acquiring existing Egyptian companies or launching new projects to add production lines, enhancing its market presence.
Heiba outlined the investment incentives and priority
sectors under the state plan, detailing recent government measures taken to
improve the business climate. He pledged GAFI's role as a supportive partner by
providing necessary information and reviewing opportunities aligned with the
company's investment strategy.
In a related meeting, the delegation met with Retaj Group,
which specializes in hotel management, to discuss its expansion plans in Egypt.
Retaj's CEO thanked GAFI for its support during the
company's establishment of an Egyptian branch to manage a new hotel,
reaffirming the group's growing focus on hotel and resort management in the
Egyptian market.
The Egyptian delegation highlighted incentives for the
tourism sector, noting the government's goal to double the number of tourists
in the coming period. This strategy requires a significant increase in hotel
capacity and rooms, in line with Egypt Vision 2030.
Concluding the meetings, Heiba reiterated GAFI's commitment to providing full support to Qatari companies investing in Egypt and removing any potential hurdles to facilitate their expansion, aiming to bolster economic cooperation and partnership across various promising sectors.