Egypt, Switzerland mull establishing joint economic committee
Updated 9/26/2023 10:48:00 AM
Arab Finance: Egypt and Switzerland are considering the possibility of establishing a joint economic committee, comprising the important strategic partners of both sides, according to a statement from the General Authority for Investment and Free Zones (GAFI) on September 26th.
This came during a meeting between GAFI’s CEO Hossam Heiba and the Swiss Minister of State for Economic Affairs Helene Budliger Artieda.
During Artieda’s first visit to Egypt, boosting Egyptian-Swiss economic relations was also discussed.
Heiba briefed Artieda on the opportunities available on Egypt’s investment map, and the government’s efforts to support investors.
It is worth noting that Swiss investments in Egypt amount to about $1.2 billion.
These investments contribute to the Egyptian economic growth, providing around 25,000 jobs across major companies operating within the sectors of pharmaceuticals, food industries, building materials, chemicals, and energy.
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