GCC investments in Egypt on the up

The investments of the Gulf Council Countries (GCC) in Egypt have increased remarkably, representing 66 percent of total Arab investments in Egypt, a study made by the Gu1f Center for Strategic Studies revealed.

The study also predicted a big boost in the economic re1ations between Egypt and the GCC and that both sides will sign the Gulf-Egyptian Agreement for Economic Integration.

This agreement will replace many other bilateral agreements between Egypt and GCC member states that haven't been signed yet.

It will be applied to many sectors, including trade, investment, financing, science and technology, transport, industry, mining, agriculture, water, banking and human development.

The study also stressed how strong Egyptian-Gulf economic relations are compared to Egyptian relations with other Arab countries, adding that Saudi Arabia, the UAE, and Kuwaiti are the biggest trade partners with Egypt.