Gamea explained that this exhibition aims to raise awareness of economic and environmental benefits of using compressed natural gas (CNG) as car fuel
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MSMEDA Deputy Executive Director Tarek Shash said, on behalf of Minister of Trade and Industry Nevine Gamea, that MSMEDA’s contribution into the launch of this Platform comes in tandem with Egypt’s orientations to reinforce economic cooperation and increase trade exchange with African countries
During the first meeting of the Joint Egyptian-UAE Business Council, Gamea said that the UAE investments in Egypt exceed $7bn in different projects, with additional $7bn worth memoranda of understanding signed between the two countries, making the UAE the top investor in the Egyptian market.
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The law also put in place flexible, new and updated mechanisms to facilitate the provision of financing for these projects and expand the provision of financial and non-financial incentives for the, as well as the development of simplified and flexible systems for permanent tax treatment.
In a seminar run by the Engineering Export Council of Egypt, entitled “Crisis Management, Challenges and Opportunities”, Gamea said the ministry is looking to ensure continuity of production and export processes.
The inspections are to take place to ensure compliance with the measures to ensure worker safety in factories and production continuity during this delicate stage.
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For his part, Hany Emad, head of the central sector for financing small projects in the MSMEDA, announced that the agency is fully prepared to provide additional funds and facilities for projects that need funding to deal with the effects of the crisis.
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Her remarks came on the second day of the Women Economic Forum (WEF), which is held from 4 to 9 March in Egypt. WEF takes place for the first time in Egypt and is held under the auspices of President Abdel Fattah Al Sisi. The forum is organised by the NCW in partnership with The Worx company.
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