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Tuesday, 18 September 2018

Egypt investment minister meets with Tunisian envoy to discuss Nov bilateral committee meeting

Ahram Online , Friday 6 Oct 2017
Sahar Nasr and Tunisian ambassador
Egyptian minister of investment Sahar Nasr, and Tunisian ambassador to Egypt Naguib Al-Menuif (Photo: Ministry of Investment official website
Views: 2561
Views: 2561

Egyptian Minister of Investment and International Cooperation Sahar Nasr met on Friday with Tunisia’s ambassador to Egypt to discuss preparations for a meeting of the Egyptian-Tunisian joint high committee in Cairo in November, a ministry statement said.

The 36th meeting of the joint committee will be attended by Egyptian Prime Minister Sherif Ismail and his Tunisian counterpart Youssef Al-Shahed, the statement added.

The committee aims at developing cooperation between the two countries in the economic and developmental fields, Nasr said in the statement.

Nasr and Ambassador Naguib Al-Menuif also discussed the preparations for the Egyptian-Tunisian investment forum which will be held on the sidelines of the meeting, and see attendance from business executives and investors from both countries.

The forum aims at increasing Tunisian investments in Egypt, particularly by informing Tunisian businessmen about the new investment law’s incentives and guarantees, Nasr added.

The pair also reviewed the agreements that are expected to be signed during the meeting to boost cooperation between the two countries in several fields.

In June, a long-awaited investment law was ratified by the president, which grants investors a number of incentives, including a 50-percent tax break on investments made in underdeveloped areas, and government support for the cost of connecting utilities to new projects.

It will also offer a 50-percent rebate to investors on the cost of purchasing land for industrial projects if production begins within two years.

According to the statement, Al-Menuif stressed his country's keenness on the success of the joint committee in consolidating cooperation between Egypt and Tunisia in several fields.

Previous meetings of the committee seen the signing of memorandums of understanding relating to health, agriculture, economics, and the media.

In 2015, President Beji Essebsi became the first Tunisian leader to visit Egypt in 50 years.


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