Cairo to Host Egypt Invest 2004
Posted: 5 July 2004
From the 23rd to 25th November 2004, Cairo will host Egypt Invest 2004, the 2nd International Investment and Trade Forum 2004.
Egypt Invest 2004 has been developed to enable local and foreign investors, manufacturers, importers and exporters to listen to experts and debate, with Government representatives, leading businessmen and entrepreneurs in Egypt, the investment and trade climate in Egypt and the challenges ahead, export trade opportunities, new investment projects and the identification and reduction of any remaining barriers to investment growth and trade development.
Egypt Invest 2004 is a unique platform where companies can take part in open discussions regarding the steps that must be taken to attract and secure long term viable investment solutions across Egypt that will facilitate export trade whilst aiding the short and long term shaping of Egypt’s economic prosperity. The forum aims to generate the ideas that will increase business investment which in turn creates jobs, and in particular to expand Egyptian exports.
In collaboration with the Egyptian Government, Multi-Lateral Donors and Lenders, Multinationals and Business Associations, Embassies and Chambers of Commerce, Egypt Invest 2004 will recruit and match make investors and capital with actual investment projects and potential trade business partners in Egypt.
Egypt is at the center of a potential market of over One Billion people. Egypt’s economy is the second largest in the Arab world and the largest in North Africa. Egypt’s economic reforms in the last decade have led to the liberalization of the economy and brought a new dynamism to trade. These reforms have promoted growth in the Egyptian private sector that is now playing an increasingly pivotal role in today’s economic expansion and a critical role in job creation.
The global economic community has long been a supporter of Egypt’s liberalization policies and has actively participated in the economic development of Egypt.
The European Union ( EU ) has supported government initiatives by encouraging foreign direct investments, assisting in capacity building through initiatives such as the Industrial Modernization Center , by transferring know-how and training, and by encouraging Egypt to adopt more transparent policies in order to maintain the dynamism of the private sector and to develop its capabilities. Trade and investment with the European Union will enormously increase following the implementation of the EU- Egyptian Association agreement on 1st June 2004 and Egypt Invest 2004 will also highlight the opportunities available as well as the promotional work of the General Authority for Investment and Free Zones.
Small and Medium Enterprises ( SMEs ) play a vital , but sometimes unacknowledged , role in job creation in the Egyptian economy. Egypt Invest 2004 will also address their issues such as improving their access to finance ,how to develop export opportunities and how multi-lateral agencies can best assist them.
All these steps are critical for continued growth and prosperity and will encourage Egypt to intensify its efforts to build a diversified economy which is friendly to foreign trade, open to foreign investments and provides ample employment and investment opportunities for Egyptians.
Egypt Invest 2004 aims to promote Egypt as an attractive investment and outsourcing destination for manufacturing and services, to match make projects with capital and trade partners, to focus on closer collaboration and partnerships between the public and private sectors in order to encourage increased trade and investment in Egypt and to be the premier platform for debate and investment issues and a catalyst for change.
For further information on Egypt Invest 2004 please visit the forum website at www.egyptinvest.com
Posted by Richard Price,
Editor Pipeline Magazine
Information supplied by companies
or PR agencies who are responsible for content. Send press releases
to info@pipelinedubai.com |
