Egypt's president resolves to remove barriers to investment

STORY: Egypt's president resolves to remove barriers to investment DATELINE: Sept. 28, 2022 LENGTH: 00:00:52 LOCATION: Cairo CATEGORY: ECONOMY SHOTLIST: 1. shots of the press conference 2. shots of Egyptian President Abdel-Fattah al-Sisi inaugurating a number of projects of the General Authority for Investment and Free Zones (GAFI) 3. shots of the press conference STORYLINE: Egyptian President Abdel-Fattah al-Sisi stressed on Tuesday the country's determination in resolving barriers that may hinder investment, adding that such obstacles to investment will be removed within 1 to 2 months. Sisi made the remarks at a ceremony during which a number of national projects affiliated to Egypt's General Authority for Investment and Free Zones (GAFI) were signed. During the ceremony, Sisi inaugurated two investment zones in Banha of Qalyubia Governorate and Meit Ghamr of Gharbia Governorate. The president also emphasized the role of research and development centers. Egypt has been working to grant the private se

China's Haier to establish industrial complex for household appliances in Egypt

STORY: China's Haier to establish industrial complex for household appliances in Egypt DATELINE: Aug. 5, 2022 LENGTH: 00:00:55 LOCATION: Cairo CATEGORY: ECONOMY SHOTLIST: 1. various of the Egyptian cabinet headquarters in Cairo 2. various of Egyptian Prime Minister Moustafa Madbouly witnessing a signing ceremony between Egypt and China (Courtesy of Egyptian cabinet) STORYLINE: Egypt's General Authority for Investment and Free Zones (GAFI) and China's Haier Smart Home Co., Ltd. signed on Thursday a Memorandum of Understanding (MoU) to establish an industrial complex for producing household appliances. The project, with an investment of 130 million U.S. dollars, will be built in an area of 200,000 square meters. GAFI said that the project will provide more than 2,000 jobs and is expected to produce around 900,000 pieces of household appliances every year. Xinhua News Agency correspondents reporting from Cairo. (XHTV)