At the Egyptian-Portuguese Business Forum: Abou El-Enein calls for the establishment of a Portuguese industrial zone in the Suez Canal region and confirms that Egypt achieved economic miracles in 5 years, thanks to the vision of President El-Sisi


  • Abou El-Enein calls for the establishment of a Portuguese industrial zone in the territory of the Suez Canal.
  • Egypt achieved economic miracles in 5 years, thanks to the vision of the President and the sacrifices of the people.
  • Egypt is a gateway to the markets of 100 countries around the world with 2.7 billion consumers.

 

Businessman Mohamed Abou El Enein, Chairman of the Egyptian-Portuguese Business Council, said that Egypt has prepared legislative and economic reforms and many executive measures to create an investment climate and attract capital, pointing out that Egypt has gone through the last 4 years with a very significant development and achieved miracles in economic stability through private sector engagement with the government.

During the meeting of the Egyptian-Portuguese Business Council on Monday, Mohamed Abou El-Enein said that the reform measures included the establishment of dozens of industrial and logistic zones in all parts of Egypt and provide them with the necessary facilities, in addition to attention to the transport system; to connect Egypt with the world through cross-continental roads and bridges with international specifications such as Alexandria-Safaga road, as well as the development of ports, especially hub ports such as the Red Sea and Suez Canal hubs.

He added that the project of the axis of the Suez Canal and the economic zone are of a special nature, as it is one of the most important national projects carried out by the government, and the economic zone has a special law and management that gives advantages and incentives to investors and eliminate bureaucracy.

He called on Portuguese investors to invest in the Suez Canal Economic Zone and take advantage of the free trade agreements that Egypt signed with various countries.

He stressed the importance using Portuguese ports and road networks by the Egyptian companies as they are a center and a starting point to enter the West African market quickly and easily, pointing out the importance of supporting tripartite cooperation between Egypt, Portugal and Tanzania in the fields of agriculture, industry, energy, transport, communications and infrastructure to develop exports.

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