09 August 2020 07:04 AM

Assar: Egypt welcomes foreign investments

Thursday، 13 February 2020 - 12:50 PM

Minister of State for Military Production Mohamed Saeed el Assar said on Wednesday Egypt welcomes foreign investments to help achieve hoped-for overall development to boost stability and increase growth rates.

He said his ministry is ready to offer all possible help to Polish companies to increase their investments in Egypt.

Assar gave the remarks during a meeting with a delegation of major Polish companies operating in different domains.

He reviewed technical and technological potentials of the military production companies, saying the ministry plays an important role in securing Armed Forces' needs of arms and ammunition and giving a hand in the implementation of national development projects.

Talks tackled boosting bilateral cooperation in the training and manufacturing domains.

 Representatives of the Polish companies reiterated keenness on boosting economic cooperation with Egypt within the coming period.

They lauded Egypt's efforts to provide an appropriate atmosphere to lure global companies to pump new investments in the Egyptian market.

The two sides agreed to send Polish experts to Egypt to get acquainted with available potentials in the military production companies.

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