The Arab Union of Customs Executives participated with a delegation consisting of Mr. Mohamed Hamada, Assistant Secretary-General, and Ms. Rana Al-Jamal, Director of the Office of the Union President, in the meeting on the mechanism for developing investment in Arab countries held at the headquarters of the Economic Unity Council of the Arab League.
The meeting addressed the investment file in the Arab Republic of Egypt and the advantages provided by the Egyptian Investment Law No. 72 of 2017, which serves and encourages Arab investors to invest in Egypt by applying the principle of fair treatment, treating foreign investors the same as national investors. The meeting also discussed a study on “the production of oil seeds and the manufacture of vegetable oils in the Arab world” aiming to achieve Arab self-sufficiency in oils.
The meeting also covered the establishment of an Arab holding company for financial leasing, allowing Arab countries to lease heavy equipment from other Arab countries to implement projects instead of purchasing such equipment at very high prices, which after project completion, might not be used again by some countries.
It is worth mentioning that the First Green Investment Forum was generously sponsored by His Excellency Ambassador Dr. Mohamed Al-Rabee, Secretary-General of the Arab Economic Unity Council, along with permanent representatives of member states to the council, several experts and economists, and representatives of the specialized Arab unions affiliated with the Arab Economic Unity Council.
