Why was President Sisi keen on his last tour in Europe to visit Norway specifically? What is the secret of the visit? What is the relationship between investment and the president’s visit? What is also the story of the Norwegian investment monster who is happy to enter Egypt? Stay with us until the end and you will know the details in this video.
We are all following President Sisi’s tours in Europe in recent days, and despite the events that the region is experiencing, President Sisi is turning around the world for the benefit of Egypt first and foremost, and is opening the doors of new strategic cooperation with the countries of the world, as happened in the agreement with Denmark, in which relations were raised to the strategic level, and this means priority. Denmark’s investment will be friendly to Egypt in the region, other than opening its markets to Egyptian products and transferring expertise, industries, technology, and all possible types of cooperation.
After visiting Denmark, President Sisi visited Norway, and many people could ask us about Norway and the secret of the special reception of the Egyptian president and the great hospitality of its great guest. First, we must confirm that when President Sisi goes to visit any country, he is dealt with because he is the president of the largest, strongest, and oldest country in the Middle East and the first regional power. In the southern Mediterranean basin, this is different from the charisma of President Sisi himself, and for this reason we saw the normality of the reception given to the President of Egypt.
We return to our question, why Norway? Because Norway, for example, has the largest sovereign investment fund on the planet, which is the Norwegian Sovereign Wealth Fund, which has huge investments in many countries around the world and plays in about 2 trillion dollars. That is, as you heard, 2 trillion dollars, not a billion. Can you imagine a country that has a sovereign fund of such value and size that its economy is functioning? And for this reason, President Sisi was keen to present the investment file over any other file.
The King of Norway held a special celebration in honor of President Sisi and his accompanying delegation. President Sisi said a word of thanks, of course, at the dinner and took advantage of the opportunity in front of the leaders of Norway and called on giant Norwegian companies to invest in Egypt. President Sisi indicated that the Egyptian government had adopted an ambitious plan to improve the investment climate and enhance the role of The private sector is responsible for leading economic development by providing incentives and facilities to foreign investors, and overcoming any obstacles they may face.
In all of the president’s meetings with Norwegian officials, Sisi stressed the importance of strengthening economic and investment cooperation between the two countries and attracting foreign direct investments to the Egyptian market, which provides many opportunities in various vital sectors of common importance, such as energy with its traditional, new, renewable, and green sources, transportation, infrastructure, and industry. Agriculture, information and communications technology, and exploiting Egypt’s unique and strategic geographical location. Of course, Norwegian companies welcomed investment in Egypt and the exploitation of available opportunities in all sectors. The Egyptian economy, and we will certainly see investments by the Norwegian Wealth Fund in Egypt very soon, because these sovereign funds follow political directives and aim to deepen cooperation with friendly countries.
