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Engineer, Rashid Mohamed Rashid, the minister of trade and industry, declared the government will achieve more of reparation policies to guarantee continuing the economic development rate and said that the government will make a number of constitutional modification the laws which rule the economic activity to increase the attraction of investment’s climate in Egypt .. This was in a meeting in Egypt is a profitable wager in Paris which the Egyptian. France presidency council organized for businessmen and engineer/Mohamed Mansour- the transport minister and Dr. /Tarck Kamel- the telecom and information technology minister-were there.
The transport minister offered about 6 projects on the Egyptian and France investors to build free roads in the Delta 360 k.m length and cost about 4 milliard pounds and he cleared the economic reparation process achieved positive results on the economy performance rate so the development rate rose to more than 7% instead of 4% in 2004.
Rashid ensured the France investment in Egypt increase to 5 milliard Euro to be the fifth foreign country in the Egyptian investments.
The transport minister said the roads have a lot profits like increase to traffic, the profits which come to the investors from the roads fares and advertisements. In addition to the operation of services’ areas.
Dr. Tarck Kamel, the minister of telecom and information technology, declared that the telecom ministry prepared an ambitious strategy for sector to 2010 which included reformation and liberation the telecom sector and attract more of foreign investments.
The Egyptian- France presidency council for works was founded in Cairo in April last year between the president Hosni Mubark and the previous president Jack Chirak. It consists of 20 Egyptian businessmen and 20 French. It aims at studying the strategy files and searches the economic, trade and investments projects to develop the relationship between the two countries.
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