Abou El-Enein: Middle East is True Hub for Investment
Nada Mustafa
Prominent Businessman Mohamed Abou El-Enein, Parliament Deputy Speaker stated that the Middle East is the true hub for investment and serves as a vast and dynamic market.
'We are witnessing mega projects with pride, and now is the time to maximize added value,' he said.
His remarks came during a press conference held on the sidelines of the Sixth QINGDAO Multinationals Summit in China.
The event was featured by media host Ahmed Moussa on his show Ala Mas'ouliyati (On My Responsibility), broadcast on 'Sada El-Balad' TV channel.
Abou El-Enein highlighted that China respects all principles and focuses on achieving development and economic growth without political motives.
'China possesses remarkable capabilities and strengths,' he added.
Moreover, he stressed that China's capacities are vast across various sectors, noting that Egypt boasts new industrial cities and an increasing number of investors engaged in diverse projects.
Abou El-Enein further noted that Egypt offers customs and tax exemptions in designated investment zones.
'An investor can reach Europe in just one hour, and travel to Saudi Arabia in less than 60 minutes,' he added, underlining Egypt's strategic geographical location and its appeal as a gateway for global investment.
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