Cairo, December 14 (QNA) - HE Minister of State for Foreign Trade Affairs Dr. Ahmed bin Mohammed Al Sayed affirmed that Qatari investments are growing in the Arab Republic of Egypt, and that concerted efforts are underway for industrial and investment integration and cooperation between the two countries.

Talking to Qatar News Agency (QNA) on the sidelines of the Egyptian-Qatari Investment Forum in Cairo, HE Dr. Ahmed bin Mohammed Al Sayed said that this forum was held under the directives of the leadership of both countries and as a continuation of the exchange of visits between Qatari and Egyptian officials to enhance opportunities for joint cooperation.

His Excellency explained that the Egyptian economy possesses many competitive advantages, noting in this regard the Egyptian market's access to European markets due to the free trade agreements between Egypt and the European Union. He pointed out that this is important for increasing the flow of Qatari exports and investments to European markets.

Regarding efforts to attract investment to the State of Qatar, HE Dr. Ahmed bin Mohammed Al Sayed said that Qatar has established a sophisticated infrastructure and an attractive investment regulatory environment in recent years, emphasizing the importance of attracting Egyptian investments to Qatar in the coming period.

His Excellency also encouraged Egyptian companies to use Qatar as a base for accessing Asian markets for Egyptian goods, while calling for further joint investments between the private sectors of both countries to accelerate economic growth, as the private sector plays a fundamental role in driving this growth.

HE Dr. Ahmed bin Mohammed Al Sayed noted that trade figures between the two countries have witnessed a steady increase in recent years, hoping for a significant increase in the coming period, as well as an increase in the flow of capital between the two countries, ultimately leading to economic and investment integration.

HE Minister of State for Foreign Trade Affairs Dr. Ahmed bin Mohammed Al Sayed and HE Egyptian Minister of Investment and Foreign Trade Eng. Hassan El Khatib inaugurated the Egyptian-Qatari Investment Forum, in the presence of HE Ambassador of the State of Qatar to the Arab Republic of Egypt and its Permanent Representative to the League of Arab States Sheikh Jassim bin Abdulrahman Al-Thani.

The forum addressed a number of topics including prospects for investment cooperation between the two countries and strengthening the economic partnership between Egypt and Qatar, vision for real estate and tourism investment and the role of financial services in enabling projects, in addition to the role of the logistics sector as an engine for economic growth, and enhancing competitiveness in industry: innovative solutions and effective partnerships. (QNA)