Egypt Seeks to Become Main Attraction for German Investments

Egypt Seeks to Become Main Attraction for German Investments

President Abdel Fattah El-Sisi participated today  in a round table in Berlin with representatives of the business community and heads of major German industrial companies, with the participation of a number of senior German officials, and in the presence of the ministers of petroleum and mineral resources, foreign affairs, electricity and renewable energy, planning and economic development, and transportation, commerce and industry.

The president expressed his pleasure to participate in this meeting, which embodies the spirit of distinguished cooperation between Egypt and Germany, stressing Egypt’s keenness during the coming period to continue developing economic and commercial cooperation relations with the business community. This is in addition to developing joint investments to contribute to supporting the economic development process in Egypt, similar to the successful models in this regard between Egypt and many large German companies.

El-Sisi also praised the positive developments witnessed in the economic and trade relations between the two countries during the past few years. He further explained the various investment opportunities that mega projects  in Egypt have to offer,  such as the Suez Canal Economic Zone which includes a number of major industrial and logistical zones. This provides promising opportunities for German companies wishing to take advantage of Egypt’s strategic location, as a hub for production and re-export of products to various countries of the world, with many of which Egypt has free trade agreements, especially in the Arab and African regions.

The president also emphasized that the qualitative leap that Egypt witnessed recently in the various development sectors reflects the strong will of the state to maximize its potential and achieve sustainable development, which will be reflected in enhancing the opportunities available to German investments in various sectors and opening new markets for German products. He also expressed his appreciation for the role played by major German companies in supporting economic and trade relations between Egypt and Germany, pointing to the importance of the role of the private sector in this context as a locomotive for growth through increased investments and transfer of knowledge and expertise to serve the common interests of the two countries.

The president’s statement was followed by the presentation of a documentary film on the various development and economic achievements in Egypt in recent years, in addition to the Ministers reviewing the investment mechanisms and opportunities available in all sectors.

Sarah Samir 2788 Posts

Sarah has been writing in the oil and gas field for 8 years. She has a Bachelor Degree in English Literature. She has three years of experience in the banking sector.

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