Egypt – Egyptian Finance Minister Mohamed Maait held a bilateral assembly with Yvette Eichoud, Deputy Minister of International Commerce of the Netherlands, on the sidelines of their participation within the Egyptian-European Funding Convention.
The Minister confused that the geopolitical challenges within the Center East area have unfavorable results on commerce and funding, and we stay up for bettering this case, explaining: “We’re persevering with the trail of financial reform to attain financial stability for Egypt and appeal to extra investments, and we’re additionally eager to proceed bettering the funding local weather to encourage the non-public sector of native and international traders.”
The Minister added: “We proceed to strengthen the partnership with the Netherlands in varied precedence financial sectors, particularly renewable vitality, infrastructure, agriculture, and meals industries; in a manner that enhances joint funding alternatives between the 2 international locations.”
He continued: “We’ve got an built-in technique to localize the trade, manufacturing and export of inexperienced hydrogen within the Suez Canal Financial Zone, and we’re eager to draw Dutch investments within the inexperienced hydrogen sector, by providing incentives to encourage its manufacturing at a fee starting from 33% to 55% of the taxes due, along with the golden license that contributes to accelerating the tempo of implementing manufacturing actions, particularly renewable vitality.”
Moait concluded: “Egypt leads the Arab international locations with 32 inexperienced hydrogen initiatives, because it got here in first place within the Arab world in implementing these initiatives till the top of March 2024.”
Supply: RT
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2024-07-01 20:13:26
