What is the secret of the rush of German companies to enter the Egyptian market, and how many companies have expressed their desire to do so or submitted official requests to the government, and when we will see them operating inside Egypt, and what are the facilities provided by the Egyptian government to them to operate.. We will tell you all the details in this video.
Engineer Hassan Al-Khatib, Minister of Investment and Foreign Trade, traveled from Cam Boom to Germany, where he met with the Minister of State for Economic Affairs in the state of North Rhine-Westphalia, and discussed with him the possibilities of joint cooperation between the two sides in the fields of trade and investment.
Indeed, it was agreed that a delegation headed by the German Minister would visit Egypt after a few months, and of course accompanied by a number of German companies, which intend to hold the second session of the economic summit between Egypt and the state of North Rhine.
We can say that there are about 100 German companies interested in the Egyptian market, and want to break into it or enter it from its widest gates, and begin operating in Egypt and promoting their products as well, and from here the Egyptian government will provide them with all facilities and facilitations in all fields, and will also motivate them to continue and provide them with all possible support. .
For this reason, the Minister of Investment said that there are economic developments that have taken place in the Egyptian market, and in financial, monetary, industrial and commercial policies that the Egyptian state is currently adopting. He also stressed that we are interested in strengthening economic and commercial relations between Egypt and the state of North Rhine-Westphalia.
Also, the Minister invited all companies participating in the economic summit to exploit the investment opportunities available in the Egyptian market, which is considered the link between the German market and other global markets.
The Minister spoke about the results of the economic reform efforts adopted by the Egyptian government, as well as the most important challenges and ways to confront them. He promised to facilitate work and investment procedures for foreign companies inside Egypt, and that they would be welcome to work within the market.
We can say that the visit of the Minister of Investment and Foreign Trade to Germany will provide a strong boost to bilateral relations at the economic and investment levels, and one of its most important results will be the signing of a joint declaration ceremony between the Egyptian Commercial Representation and its counterpart NRW Global Business, which includes a joint digital action plan to enhance economic cooperation. Trade and investment between Egypt and the state of North Rhine-Westphalia, and an increase in the volume of trade and investment exchange between Egypt and the state during the coming period, and what has been achieved will be followed up through the upcoming economic summit in Cairo.
Among the companies that intend to operate in Egypt soon are Fertiglobe, as well as Thyssenkrupp, Energy for Climate, and Rayvenlaser. Indeed, they discussed the investment opportunities available in Egypt and how to maximize the volume of German investments in Egypt, and also remove the obstacles facing the flow of these investments. To Egypt.
Hence, the Minister of Investment expects that the volume of trade exchange between Egypt and Germany will reach 9 billion euros by the end of next year, up from 7 billion currently, and that the share of North Rhine State will be 3 billion euros according to the established plan and in the event that companies enter the Egyptian market.
