Sunday 01/December/2024 – 08:41 AM
Yahya Al-Watheq Billah, head of the Commercial Representation Authority, revealed that the Egyptian state is looking to increase the volume of German investments by 20% during the next year 2025, to reach about $3.6 billion, compared to about $3 billion currently, an increase estimated at $600 million.
Al-Wathiq Billah added, during his meeting with Al-Arabiya TV, that Egypt held talks with Germany, on the sidelines of the economic summit between Egypt and North Rhine State, which was held last weekend, to enhance investment cooperation in a wide range of sectors, including electric cars, information technology, tourism, and health care, in addition to To the field of labor training.
Trade exchange between Egypt and Germany
The head of the Commercial Representation Authority indicated that Egypt is looking forward to increasing trade exchange with Germany from the level of 7 billion euros annually, to 9 billion euros by the end of next year, an increase of 30%.
Al-Watheq Billah said that the Egyptian visit to Germany witnessed numerous interviews and meetings to increase economic and trade cooperation with Germany in general, and the North Rhineland region in particular, which includes huge industrial cities such as Dusseldorf and Cologne.
He also stated that Egypt is looking forward to trade exchange with the North Rhine region reaching about 30% of the total expected trade exchange between Egypt and Germany next year.
