Egypt welcomes foreign investments

Egypt's Prime Minister Atef Ebeid said Egypt welcomes foreign investments that lead to upgrading the Egyptian production and proving more jobs opportunities.

Ebeid met yesterday with a delegation of American industrialists to discuss investment opportunities in Egypt.

"Egypt enjoys a promising investment climate that helps attract foreign investments in various fields," said mission head George Coda, Chairman of Cement Firm International Coda.

The American investors expressed their interest in injecting capital into the Egyptian textile, paper and cement industries, Ahmed Bahgat, a member of the Egyptian-American Presidency Council, said following the meeting.

He added that their investments would enhance environment-friendly production.