Gulf investments in Egypt on the rise

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

The study also expected that a big leap would take place in the economic relations 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 have not 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.