DUBAI, 3rd April, 2017 (WAM) -- Egypt seeks to attract more investments from the United Arab Emirates and other members of the Gulf Co-operation Council, GCC, to a range of joint projects in sectors such as manufacturing, tourism, real estate and agriculture, after the Egyptian government removed obstacles and streamlined legal and administrative procedures for doing business, said Mohamed Khodeir, Chairman of Egypt's General Authority for Investment and Free Zones.

seventh Annual Investment Meeting, which opened yesterday in Dubai.

"Egypt opens its arms to investments from the GCC and other Arabcountries to establish trade, industrial and agriculture partnershipsthat would benefit all involved parties," said Khodeir.

He described UAE-Egypt relations as "deeply-rooted in history and havebeen tested by events, proving that the peoples of the two countriesare inseparable."The Egyptian parliament is set to finalise amended investmentlegislation within days to enable investors to set up businessesin no more than 24 hours, Khodeir noted, while stressing that the newlegislation will serve Egypt's economic interests and ensure success

Copyright Emirates News Agency (WAM) 2017.