Trade and Industry Minister Tarek Qabil headed for the UAE to attend a three-way meeting between Egypt, the UAE and Russia on joint investments.
Establishing an investment fund, which groups several Arab and international institutions, financing funds, and banks, will be discussed for carrying out several projects in Egypt in the coming period.
The presidents of the National Bank of Egypt and Banque Misr are accompanying the minister during the visit in order to put outlines for the operation of the fund and agree on its capital.
On the other hand, the Trade and Industry Ministry said in a statement on Thursday 26/11/2015 that Qabil held a meeting yesterday with head of the Italian side at the Egyptian-Italian Business Council Marcello Sala.
The meeting, attended by Italian Ambassador to Egypt Maurizio Massari, took up ways of benefiting from the council's role within the coming period in order to promote investment between Egypt and Italy.