Egypt and Hong Kong have signed a memorandum of understanding (MoU) to enhance cooperation and exchange information in the field of investments. The MoU was signed by Hossam Heiba, CEO of the General Authority for Investment and Free Zones (GAFI), and Jimmy Chiang, Associate Director-General of Invest Hong Kong, on the sidelines of the 8th session of the Belt and Road Summit in Hong Kong. The MoU aims to facilitate the flow of investments between the two sides and to organize visits for representatives of financial and industrial companies based in Hong Kong to explore investment opportunities in Egypt. The MoU also aims to share experiences and information on the incentive packages granted to projects operating in Egypt. Heiba called on Chinese companies to continue investing in Egypt, especially in fields such as textile industries, household appliances, automobile components, and petrochemicals.

Source: Daily News Egypt September 17, 2023 09:28 UTC