A mission from Oman’s State General Reserve Fund (SGRF) will visit Egypt soon to explore investment opportunities, according to a Tuesday’s statement by the Ministry of Investment and International Cooperation.
The Minister of Investment, Sahar Nasr, visited the Omani capital Muscat as part of an Egyptian delegation to the Egyptian-Omani joint committee, which kicked off on Monday.
Omani businesspersons affirmed their desire to invest in Egypt’s food processing sector, in addition to tourism and pharmaceuticals, noting that they are keen on increasing their investments in Egypt, especially after the latest investment legislation reforms that improved the investment climate in the country.
Nasr met with representatives of Omani companies on Monday in order to follow up the results of President Abdel Fattah Al-Sisi’s recent visit to Oman last year. She also witnessed the signing ceremony of a memorandum of understanding between Egypt’s General Authority for Investment and Free Zones and Oman’s Public Authority for Investment Promotion and Export Development for boosting bilateral cooperation and investment.
The Egyptian Minister explained the major developments in the country’s investment climate as well as the available investment opportunities in the Egyptian market, according to the statement.