Egyptian Minister of Labor Showcases Business Climate to Attract Qatari Investment

Doha: HE Minister of Labor of the Arab Republic of Egypt Mohamed Abdel Aziz Gibran discussed with HE Mohamed bin Ahmed Al Obaidli, Board Member of the Qatar Chamber, ways to enhance bilateral cooperation in the economic and investment fields and to encourage Qatari investors to enter the Egyptian market.

According to Qatar News Agency, the two sides also reviewed Egypt's labor law during the meeting and explored mechanisms to overcome challenges facing investors in the Egyptian labor market. During the discussions, HE the Minister reviewed the latest amendments to the Egyptian Labor Law, which include the establishment of an emergency fund to support workers and struggling companies, as well as the creation of an entity dedicated to training and upgrading workers' skills. He noted that the new law aims to foster a stimulating work environment conducive to investment and to support a secure and stable investment climate in Egypt.

The meeting also reviewed the outcomes of HE the Minister's recent visit to Qatar, during which he met with representatives of the Qatari private sector. The visit resulted in positive understandings aimed at strengthening cooperation in the fields of labor, training, and employment. For his part, Al Obaidli praised the deep fraternal relations between Qatar and Egypt, affirming the Qatar Chamber's keenness to expand cooperation between the two countries across economic, commercial, and investment domains.