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Tuesday, 21 February 2017

Egypt-France Business Council, Tarek Kabil on investment promotion tour in Paris

An Egyptian delegation from the Egypt-France Business Council kicked off a yesterday a three-day visit to Paris to promote investment opportunities in Egypt, chairman Fouad Younes tells Al Borsa. Trade and Industry Minister Tarek Kabil and GAFO boss Mohamed Khodeir are on the trip. On the agenda are discussions of a shipping line linking Alexandria and Marseille, and a French industrial zone in Borg El Arab or the Suez Canal Economic Zone, says Younes. The delegation will meet with 100 heads of French companies and will visit the Senate. French investments in Egypt amounted to EUR 4.2 bn last year, mainly in chemicals and car manufacturing, building materials, and pharma, Kabil said at a seminar organised by the Council and the Senate, Al Borsa reported.

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