The first EGY-GCC Business Forum was inaugurated by Egypt’s Minister of Trade and Industry Ahmed Samir, who welcomed the leaders of governments, chambers of commerce, finance and business from the Gulf Cooperation Council (GCC) countries. He added that the forum aimed to deepen cooperation in facing the challenges of the global economic crises. Samir also highlighted the opportunities for cooperation in the field of joint industrialisation, which would meet the needs of the Egyptian and Gulf markets. He invited the Gulf private sector to explore the industrial investment opportunities in each country, based on their relative advantages. The Omani Minister of Commerce, Industry, and Investment Promotion Qais Mohammed Al Yousef praised the strategic relations between Egypt and the GCC countries.