The company is establishing a recycling plant in Egypt’s 10th of Ramadan City on an 80,000 square meter plot. The company’s investments in Egypt have reached EGP 1.5 billion, with 90% of the plant’s production aimed to export to European Union markets.
Minister of Investment and Foreign Trade, Hassan El-Khatib, held a meeting with the delegation of Caesar Pack, a leading company in the paper industry, headed by Chairman Tamer Hazin. The meeting reviewed the progress of the company’s recycling project in Egypt.
The company is establishing a recycling plant in Egypt’s 10th of Ramadan City on an 80,000 square meter plot. The company’s investments in Egypt have reached EGP 1.5 billion, with 90% of the plant’s production aimed to export to European Union markets.
The minister emphasized the ministry's commitment to providing all possible support to Caesar Pack for investment and expansion in the Egyptian market.
He highlighted the advantages Egypt offers, including a skilled workforce, qualified engineers, abundant raw materials, energy resources, and access to preferential trade agreements with numerous countries and major economic blocs.
El-Khatib also stressed the government's dedication to maintaining stable and transparent monetary, financial, and trade policies to enhance investor confidence in Egypt's economy.
He noted that the ministry, in cooperation with relevant authorities, is implementing reforms to reduce non-tax financial and procedural burdens on investors by unifying collection agencies to no more than three: the General Authority for Investment, the Industrial Development Authority, and the Ministry of Finance.
Furthermore, the minister outlined efforts to promote Egyptian exports and improve their global competitiveness by enhancing trade policies and procedures.
The government aims to reduce the time and cost of customs clearance, targeting a clearance time of just two days. Legislative amendments to the Customs Law are also underway to streamline the clearance process and facilitate trade.
