Egypt Hosts More Than 1,500 German Companies with $1.8 Billion in Investments

Mohamed Awad, chief executive of Egypt’s General Authority for Investment and Free Zones, said Egypt is currently home to more than 1,500 German companies with total investments estimated at $1.8 billion, underscoring the growing depth of economic ties between Cairo and Berlin.

The remarks came during a meeting with Olaf Hoffmann, head of the German-Arab Chamber of Industry and Commerce (Ghorfa), and chairman of engineering consultancy firm DorchGlobal, to discuss ways to strengthen bilateral investment cooperation.

According to Awad, discussions focused on building targeted partnerships between Egyptian and German business communities in the infrastructure sector, both for investment opportunities inside Egypt and for expanding into African markets.

He said the two sides explored leveraging what he described as Egypt’s strong political and economic relationships across Africa alongside Germany’s advanced industrial and technological expertise. The talks also resulted in an agreement for Ghorfa to participate in investment promotion missions organized by Egypt’s investment authority across African countries.

Awad noted that economic cooperation between Egypt and Germany has accelerated steadily in recent years, with German investments spread across several strategic sectors, including automotive manufacturing, heavy industry, pharmaceuticals, chemicals, construction, logistics, information technology services, and clean energy.

For his part, Hoffmann said the chamber actively promotes investment opportunities linked to Egypt’s major national development projects during business and investment events in Germany. He highlighted projects such as the New Administrative Capital, New Alamein City, and the East Port Said development zone as standout examples of large-scale economic transformation.

Hoffmann also praised efforts by President Abdel Fattah el-Sisi to deepen Egypt’s strategic partnership with Europe, arguing that closer integration has enhanced the competitiveness of Egyptian industrial exports within the European Union.

Speaking on behalf of DorchGlobal, Hoffmann added that the company’s long-term strategy in Egypt centers on upgrading the capabilities of Egyptian engineers and preparing them to deliver internationally competitive engineering consultancy services.

He said Egypt’s large pool of technical talent has already become evident through the rapid execution of infrastructure projects that continue to drive economic growth and development across the country.