Cairo – (Masaader News)
The Chairman of the Suez Canal Authority and Chairman of the Suez Canal Economic Zone, Admiral Mohab Mamish received today at the headquarters of the Economic Zone in Ismailia, Dr. Bendikit Orama, Chairman of the Board of Directors of the African Bank for Import and Export (Afreixem Bank) and his assistants and officials of the investment and promotion sectors to complete the negotiations of the two sides cooperation.
Admiral Mohab Mamish announced that there will be An African investment zone through which to import raw materials through the ports of the economic zone and establish projects for the manufacture of these materials, and to achieve value added and then re-export to foreign markets.
Mamish said that this cooperation is in order to promote integration Opercular and facilitate the movement of trade between the African, Asian and European countries, via the Egyptian ports in the economic zone (SCzone).
Admiral Mohab Mamish expressed his pleasure for cooperating with the bank, pointing out Egypt’s geographic location which is in the heart of the African continent and the historical relations between Egypt and African countries.
He also pointed out the importance of developing trade and increasing cooperation between Egypt and the continent countries to promote economic integration and open common markets.
On the other side Dr. Pandekit Urama expressed his readiness to cooperate with the Suez Canal Economic Zone and ready to increase opportunities for cooperation between Egypt and the African Bank.
He added that the bank offers financing programs to support exports to Africa, as well as financing projects in the petrochemical field and supporting Egyptian contracting companies operating in Africa.
He added that Egypt has promising investment opportunities and we will work to establish projects and attract investments to the region.
” The Bank cooperates with its partners and works to provide financial and technical support to these countries and contributes to attracting international investors and industrial developers.” said Pandiket
He added that the projects supported by the bank create many job opportunities especially for Youth in the African countries.
He added that the bank is able to attract diverse investments to the region in areas and sectors of vital investment, and the bank provides guarantees to investors and industrial developers to work on the rise of these projects.
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