International conference in Egypt requests hosting 50 world largest companies

Minister of Investment Ashraf Salman revealed receiving a request from Philipp Rösler, executive director of World Economic Forum, to hold a conference in Egypt next December, The conference will include the heads of boards from the 50 largest companies worldwide to discuss investment opportunities in Egypt and the plans of economical and social reform.

“The government has a programme to protect serious investments and to create the climate to attract investments to Egypt,” said Salman. He added that he met with Ding Yun, president of products and solutions at Chinese tech firm Huawei Technologies.

The pair agreed to establish a free-zone system project that turns Egypt into a centre collecting and exporting Huawei products in the Middle East.

On the second day of the World Economic Forum, Salman said Mohamed Elmady, managing director of SABIC, would discuss the possibility of producing rebar and fertilisers in Egypt.