First Egyptian International Investment & Trade Summit 2003 to be held at Grand Hyatt Hotel, Egypt

The Ministry of Foreign Trade, senior figures from the Egyptian Government and international investors will meet later this year at a major summit in Cairo on 3 - 4 December 2003, to discuss regional co-operation and new government lead investment initiatives for Egypt.

Egypt: Tuesday, September 23 - 2003 at 11:59
PRESS RELEASE

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This event is being organized in association with General Authority for Investments and Free Zones (GAFI) and hosted by the Egyptian Ministry of Foreign Trade.

This conference will discuss a variety of issues pertaining to the international and regional investment sector such as new banking laws and monetary policy and its implications for investment. In addition to this other main areas to be addressed are information and communication technology (ICT), investment banking, the future growth of the travel & tourism sector, privatization & free zones, health & pharmaceutical sector and investment protection.

To date Egypt's record of attracting FDI has been very strong and over the past decade investment is now one of the major sources of capital flows. Egypt is now well placed to attract additional foreign investment given the success of its stabilization program and the strength of its economic recovery. To date the country has seen 192 companies privatized between 1993 and 2002 year-end, for a net value of £E 17 billion.

Currently, there are 819 companies slated for privatization in Egypt, 43 of which are currently on the market. With the privatization program being push forward to attract investors, Government sources know that this can only happen if investors are enticed with incentives -such as flexibility in dealing with debt settlement and excess labor, valuation of land based on nearest industrial zone prices and offering long-term leasing with option to buy. Egypt Invest will have many of these questions discussed and developed.

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Notes and media contacts

Egypt Invest is designed to:
·Matchmake investors and entrepreneurs with capital, lenders, projects and opportunities.
·Promote the lucrative investment and trade opportunities and learn from the successful case studies
·Further develop the needs and wants of the international investors to create and optimum investment climate and encourage further FDI
·Encourage close collaboration and understanding between public and private sector, financial institutions and multi-lateral donors
·Be a leading platform for open debate in Egypt where investors meet business and match ideas to capital

Some of the speakers include:
H.E. Dr. Mohamed El Ghamrawi, Chairman - GAFI
H.E. Dr. Youssef Boutros Ghali - Minister of Foreign Trade
H.E. Dr. Mamdouh El Beltagui - Minister of Tourism
H.E. Dr. Mokhtar Kuattab - Minister of Public Enterprise
Dr. Mahmoud Mohi El Din, Head of the Economic Committee - NDP
H.E. Dr. Ahmed Goueli, Sec. General - Council of Arab Economic Unity
Ambassador Mohamed Gamal El-Din El Bayoumi, Sec. General - Arab Investors Union
Dr. Slim Tlatli, Executive Director - Industrial Modernisation Centre
Dr. Mahmoud Abul-Eyoan, Governor - Central Bank of Egypt
Ambassador Ian Boag, Head of Delegation - Economic Union
Mr. Sami Haddad, Director Middle East - International Finance Corporation
Mr. Luigi Marcon - European Investment Bank (EIB)
Dr. J.W. Wright, Chief Trade Advisor - US AID / IBM
Dr. Taher Helmy, President - American Chamber of Commerce
TBA, Capital Markets Authority
Mr. Tarek Mansour, Senior Partner - PWC
Dr. Sameh Torgoman, Chairman - Cairo & Alexandria Stock Exchange
Mr. Khalil Hamdani, Chief Investment Policy Advisor - UNCTAD

Delegate Profile:
Investment Managers, Ambassadors, Commercial Attaches, Business Owners, Agents, General Managers, Financial Advisors, Economists, Heads of Finance & Capital Markets, Treasurers, Business Development Directors, Area Managers, CEO's, COO's, Bankers, Consultants, Distributors, Agents.

Posted by staff reporter
Tuesday, September 23 - 2003 at 11:59 UAE local time (GMT+4)

Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of AME Info FZ LLC / Emap Limited.

This Article was updated on Monday, October 30 - 2006

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