Egypt To Receive More German Investments Soon

Sunday, 21st May 2017

Egypt expects to receive additional German investments in various fields, following the launch of the Egyptian-German Business Forum scheduled to be held next month, Invest-Gate reports.

The trade exchange between Egypt and Germany recorded EUR 5.56 bn in 2016, while German investments in Egypt hit a total of EUR 619 mn. The investments cover the sectors of chemical materials, automobiles, communications, petroleum, gas, steel and iron.

The forum will tackle opportunities of engagement in Egypt’s vision for 2030, according to a released statement.

This comes as part of a meeting held between CEO of the German-Arab Chamber of Industry and Commerce Andreas Hagen and Minister of Trade and Industry Tarek Qabil. During the meeting, both discussed ways of boosting economic ties, conditions of German investments taking part in Egypt and the means of bolstering economic relations.

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