PM says state provides many advantages, incentives for foreign, local investors

Egyptian Prime Minister Mostafa Madbouly has affirmed that the state provides several advantages and incentives for foreign and local investors and also works to attract more direct foreign investments.

The premier’s remarks came during a meeting on Saturday with Mo Dingji, Chairman of China National Chemical Engineering Company (CNCEC). It was Madbouly’s first meeting after his arrival in the Chinese capital, Beijing, to participate in the “Shanghai Cooperation Organization” (SCO+) summit held in Tianjin, China, on behalf of President Abdel Fattah al-Sisi.

During the meeting, which was attended by Egypt’s Ambassador to China Khaled Nazmy, the Chairman of CNCEC spoke about the company’s expertise in the petrochemical field and gave an overview of its investments in various countries around the world, particularly in several countries in the Middle East, Africa, and Southeast Asia.