Latest news with #SixthQINGDAOMultinationalsSummit
See - Sada Elbalad
an hour ago
- Business
- See - Sada Elbalad
Abou El-Enein: Investors can benefit from many projects in Africa
Basant Ahmed TV presenter Ahmed Moussa shed light on the speech of Parliament deputy speaker MP Mohamed Abou El Enein at Sixth QINGDAO Multinationals Summit in China, during "On My Responsibility" program, broadcast on Sada El Balad satellite channel. Abou El-Enein stressed that foreign investors can benefit from many projects in Africa. He noted that the free trade agreement among Europe, Egypt, and Africa benefits nearly 2 billion people, commenting: "Foreign companies can enjoy the same privileges as local companies." MP Mohamed Abou El-Enein explained that the Egyptian state is working on expanding urban space to 20% of the total area, while providing facilities to increase international trade, especially in ports. He added that Egypt welcomes all investors in technologies, hydrogen, the green economy, and artificial intelligence products. 'I am pleased to inform you that Egypt is safe, and this is a good opportunity for foreign investors to add value to leading projects in China," the Parliament deputy speaker stressed. He pointed out that Egypt has huge discoveries, such as copper and some other minerals, adding: "The international company Eni has invested $13 billion in discoveries in Egypt. "Some companies have achieved profits of 400% annually, and the door is open for investors," Abou El-Enein revealed. read more Gold prices rise, 21 Karat at EGP 3685 NATO's Role in Israeli-Palestinian Conflict US Expresses 'Strong Opposition' to New Turkish Military Operation in Syria Shoukry Meets Director-General of FAO Lavrov: confrontation bet. nuclear powers must be avoided News Iran Summons French Ambassador over Foreign Minister Remarks News Aboul Gheit Condemns Israeli Escalation in West Bank News Greek PM: Athens Plays Key Role in Improving Energy Security in Region News One Person Injured in Explosion at Ukrainian Embassy in Madrid News China Launches Largest Ever Aircraft Carrier Sports Former Al Zamalek Player Ibrahim Shika Passes away after Long Battle with Cancer Videos & Features Tragedy Overshadows MC Alger Championship Celebration: One Fan Dead, 11 Injured After Stadium Fall Lifestyle Get to Know 2025 Eid Al Adha Prayer Times in Egypt Business Fear & Greed Index Plummets to Lowest Level Ever Recorded amid Global Trade War Arts & Culture Zahi Hawass: Claims of Columns Beneath the Pyramid of Khafre Are Lies News Flights suspended at Port Sudan Airport after Drone Attacks Videos & Features Video: Trending Lifestyle TikToker Valeria Márquez Shot Dead during Live Stream News Shell Unveils Cost-Cutting, LNG Growth Plan Technology 50-Year Soviet Spacecraft 'Kosmos 482' Crashes into Indian Ocean
See - Sada Elbalad
2 hours ago
- Business
- See - Sada Elbalad
Abou El-Enein: Egypt is the gateway for green industries in Africa, Middle East
Basant Ahmed Parliament deputy speaker MP Mohamed Abou El-Enein, stressed that Egypt represents a global investment and export platform thanks to its geographical location and extensive trade agreements. He pointed out that the Egyptian state, under the leadership of President Abdel Fattah El-Sisi, is opening its arms to strong economic partnerships with the world, especially with China, in order to build a developed and prosperous industrial future. During his speech at Sixth QINGDAO Multinationals Summit in China, Abou El-Enein said: "I am pleased to represent Egypt, the African continent, and the Middle East at this global economic forum, which constitutes an important platform for exchanging visions and building partnerships." He pointed out that the partnership between Egypt and China represents a model for cooperation based on common interests and maximizing added value, stressing that the Egyptian and Chinese civilizations meet today for an advanced industrial and economic future, especially in the fields of technology and renewable energy. The Parliament deputy speaker added: "Egypt has free trade agreements with 54 African countries and 27 European countries, making it an ideal hub for production and export to a market of more than 2 billion consumers." Abu El-Enein revealed that Egypt currently offers a wide range of promising investment opportunities in strategic sectors such as: electric car manufacturing, electronic devices, solar panels, lithium batteries, information technology and artificial intelligence, and green hydrogen, in addition to sustainable infrastructure projects, smart cities, and ports. read more Gold prices rise, 21 Karat at EGP 3685 NATO's Role in Israeli-Palestinian Conflict US Expresses 'Strong Opposition' to New Turkish Military Operation in Syria Shoukry Meets Director-General of FAO Lavrov: confrontation bet. nuclear powers must be avoided News Iran Summons French Ambassador over Foreign Minister Remarks News Aboul Gheit Condemns Israeli Escalation in West Bank News Greek PM: Athens Plays Key Role in Improving Energy Security in Region News One Person Injured in Explosion at Ukrainian Embassy in Madrid News China Launches Largest Ever Aircraft Carrier Sports Former Al Zamalek Player Ibrahim Shika Passes away after Long Battle with Cancer Videos & Features Tragedy Overshadows MC Alger Championship Celebration: One Fan Dead, 11 Injured After Stadium Fall Lifestyle Get to Know 2025 Eid Al Adha Prayer Times in Egypt Business Fear & Greed Index Plummets to Lowest Level Ever Recorded amid Global Trade War Arts & Culture Zahi Hawass: Claims of Columns Beneath the Pyramid of Khafre Are Lies News Flights suspended at Port Sudan Airport after Drone Attacks Videos & Features Video: Trending Lifestyle TikToker Valeria Márquez Shot Dead during Live Stream News Shell Unveils Cost-Cutting, LNG Growth Plan Technology 50-Year Soviet Spacecraft 'Kosmos 482' Crashes into Indian Ocean
See - Sada Elbalad
2 hours ago
- Business
- See - Sada Elbalad
Abou El-Enein: Chinese investments in Egypt reached $8 billion
Basant Ahmed Parliament Deputy Speaker MP Mohamed Abou El-Enein, emphasized that the Middle East represents the future of global investment, pointing out to its unique geographic location and promising economic potential. He noted that Egypt welcomes Chinese companies and opens its doors to future industries. During Abou El-Enein's speech at Sixth QINGDAO Multinationals Summit in China, Abou El-Enein said that Egypt has established specialized industrial cities that have implemented more than 200 development projects. He also said that Egypt hosts Chinese investments estimated at $8 billion, and includes 3,000 Chinese factories and universities. He emphasized that Cairo is ready to receive more investors. Moreover, he added that Egypt represents the Middle East and Africa's gateway to Europe, offering a duty-free industrial zone just an hour from the European continent and providing access to a regional market of approximately 2 billion people. The Parliament deputy speaker also criticized US customs restrictions on Chinese products, noting that Arab countries represent a privileged outlet for Chinese exports, with a customs exemption rate of up to 10%. He called for strengthening industrial partnerships with countries in the region. read more Gold prices rise, 21 Karat at EGP 3685 NATO's Role in Israeli-Palestinian Conflict US Expresses 'Strong Opposition' to New Turkish Military Operation in Syria Shoukry Meets Director-General of FAO Lavrov: confrontation bet. nuclear powers must be avoided News Iran Summons French Ambassador over Foreign Minister Remarks News Aboul Gheit Condemns Israeli Escalation in West Bank News Greek PM: Athens Plays Key Role in Improving Energy Security in Region News One Person Injured in Explosion at Ukrainian Embassy in Madrid News China Launches Largest Ever Aircraft Carrier Sports Former Al Zamalek Player Ibrahim Shika Passes away after Long Battle with Cancer Videos & Features Tragedy Overshadows MC Alger Championship Celebration: One Fan Dead, 11 Injured After Stadium Fall Lifestyle Get to Know 2025 Eid Al Adha Prayer Times in Egypt Business Fear & Greed Index Plummets to Lowest Level Ever Recorded amid Global Trade War Arts & Culture Zahi Hawass: Claims of Columns Beneath the Pyramid of Khafre Are Lies News Flights suspended at Port Sudan Airport after Drone Attacks Videos & Features Video: Trending Lifestyle TikToker Valeria Márquez Shot Dead during Live Stream News Shell Unveils Cost-Cutting, LNG Growth Plan Technology 50-Year Soviet Spacecraft 'Kosmos 482' Crashes into Indian Ocean
See - Sada Elbalad
13 hours ago
- Business
- See - Sada Elbalad
Abou El-Enein: Egypt Is China's Most Important Strategic Partner
Nada Mustafa Prominent Businessman Mohamed Abou El-Enein, Parliament Deputy Speaker emphasized that Egypt is offering substantial incentives to global investors and multinational companies, highlighting the importance of empowering youth and preparing them for the digital transformation era. 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 noted that China is delivering massive projects across the African continent and in Egypt, describing the bilateral relations between the two nations as strong and cordial. Moreover, he highlighted key milestones in the Egypt-China partnership, including the establishment of a Chinese university in Egypt and large-scale infrastructure and supply chain projects. Abou El-Enein also praised China's meticulous planning and execution of projects, calling it 'an ancient civilization embracing Egypt's own rich historical legacy.' The Egyptian lawmaker stressed that Egypt is China's most important partner, providing a strategic gateway for Chinese investors to expand operations and localize industries within the country. "We have advanced engineering industries and a growing electric vehicle manufacturing sector,' he added. Furthermore, Abou El-Enein concluded by emphasizing that Egypt's political leadership is focused on attracting investment and offering unique advantages to international companies operating within the country. read more Gold prices rise, 21 Karat at EGP 3685 NATO's Role in Israeli-Palestinian Conflict US Expresses 'Strong Opposition' to New Turkish Military Operation in Syria Shoukry Meets Director-General of FAO Lavrov: confrontation bet. nuclear powers must be avoided News Iran Summons French Ambassador over Foreign Minister Remarks News Aboul Gheit Condemns Israeli Escalation in West Bank News Greek PM: Athens Plays Key Role in Improving Energy Security in Region News One Person Injured in Explosion at Ukrainian Embassy in Madrid News China Launches Largest Ever Aircraft Carrier Sports Former Al Zamalek Player Ibrahim Shika Passes away after Long Battle with Cancer Videos & Features Tragedy Overshadows MC Alger Championship Celebration: One Fan Dead, 11 Injured After Stadium Fall Lifestyle Get to Know 2025 Eid Al Adha Prayer Times in Egypt Business Fear & Greed Index Plummets to Lowest Level Ever Recorded amid Global Trade War Arts & Culture Zahi Hawass: Claims of Columns Beneath the Pyramid of Khafre Are Lies News Flights suspended at Port Sudan Airport after Drone Attacks Videos & Features Video: Trending Lifestyle TikToker Valeria Márquez Shot Dead during Live Stream News Shell Unveils Cost-Cutting, LNG Growth Plan Technology 50-Year Soviet Spacecraft 'Kosmos 482' Crashes into Indian Ocean
See - Sada Elbalad
14 hours ago
- Business
- See - Sada Elbalad
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. read more Gold prices rise, 21 Karat at EGP 3685 NATO's Role in Israeli-Palestinian Conflict US Expresses 'Strong Opposition' to New Turkish Military Operation in Syria Shoukry Meets Director-General of FAO Lavrov: confrontation bet. nuclear powers must be avoided News Iran Summons French Ambassador over Foreign Minister Remarks News Aboul Gheit Condemns Israeli Escalation in West Bank News Greek PM: Athens Plays Key Role in Improving Energy Security in Region News One Person Injured in Explosion at Ukrainian Embassy in Madrid News China Launches Largest Ever Aircraft Carrier Sports Former Al Zamalek Player Ibrahim Shika Passes away after Long Battle with Cancer Videos & Features Tragedy Overshadows MC Alger Championship Celebration: One Fan Dead, 11 Injured After Stadium Fall Lifestyle Get to Know 2025 Eid Al Adha Prayer Times in Egypt Business Fear & Greed Index Plummets to Lowest Level Ever Recorded amid Global Trade War Arts & Culture Zahi Hawass: Claims of Columns Beneath the Pyramid of Khafre Are Lies News Flights suspended at Port Sudan Airport after Drone Attacks Videos & Features Video: Trending Lifestyle TikToker Valeria Márquez Shot Dead during Live Stream News Shell Unveils Cost-Cutting, LNG Growth Plan Technology 50-Year Soviet Spacecraft 'Kosmos 482' Crashes into Indian Ocean
