7 investment memorandums of understanding with the Uzbek government

Aya Hussein

The General Authority for Investment and Free Zones hosted the Egyptian-Uzbek Business Forum Headed by Hossam Haiba, CEO of the General Authority for Investment and Free Zones, and Kudratov Laziz Shavkatovich, Minister of Investment and Foreign Trade of Uzbekistan, and in the presence of representatives of the ministries of energy, culture, tourism, agriculture and health care, and federations and chambers of commerce and industry in the two countries, according to the page of the Investment and Free Zones Authority.

2030 Prestige and Kudratov Shavkatovic witnessed the signing of seven memorandums of understanding between the Egyptian private sector and the Uzbek government to establish investment partnerships in the pharmaceutical, textile, energy, electricity and care sectors.

2030 Shavkatovich considered that the visit of Uzbek President Shavkat Mirziyoyev to Cairo tomorrow would represent a new start for investment relations between the two countries, after they contributed President Abdel Fattah El-Sisi’s historic visit to Tashkent in 2017 in a boom f

2030 The Uzbek Minister of Investment and Foreign Trade announced that he is currently meeting with representatives of major Egyptian companies operating in Many sectors, including textiles and foodstuffs, to establish industrial partnerships between the two sides, as his country aims to be the gateway to the Egyptian business community for investment and export to Central Asian countries, and for Egypt to be the gateway for Uzbek investments to markets linked to trade and investment agreements with Cairo, especially the continent of Africa, which includes 1.3 billion Consumers who are hungry for products and investments that enjoy the competitive advantages of the Egyptian and Uzbek economies, especially after the commitment of the two countries to a deep and distinguished economic reform program a year ago 2017.

2030 Hossam Haiba said that the exchange of presidential visits between the two countries strengthened diplomatic and economic relations between the two countries, and created promising opportunities for cooperation, especially during the period of turmoil the world is witnessing with regard to supply chains. And commodity prices.

The CEO of the General Authority for Investment and Free Zones reviewed the investment systems The various projects in Egypt, the economic reforms undertaken by the Egyptian government to attract foreign investments, the investment opportunities available in major national projects, and the many incentives offered to foreign investments, especially those that are labor-intensive and export-oriented.

He emphasized the state’s tendency to rely on the private sector to lead growth, as a special strategy was launched to support the private sector until the year 2017. The Egyptian government has the “Golden License”, which is a license that dispenses with other permits. It is granted for investments of a developmental nature. The government also launched the State Ownership Document, which set parameters for doubling economic growth rates and empowering the Egyptian private sector. 2023