Egypt's FM, Cyprus Chamber of Commerce Discuss Expanding Economic, Investment Ties

Concluding his official visit to Cyprus on Friday, Egypt’s Minister of Foreign Affairs and Emigration, Badr Abdelatty, took part in a roundtable discussion with leading Cypriot business figures and the Cyprus Chamber of Commerce and Industry. 

The session, which also featured Egypt’s Minister of Petroleum and Mineral Resources, Karim Badawi, and Cyprus’s Minister of Energy, Commerce and Industry, George Papanastasiou, focused on ways to strengthen bilateral economic, trade, and investment cooperation.

Abdelatty highlighted Egypt’s commitment to deepening its economic partnership with Cyprus, underscoring the importance of continuous engagement between government bodies and the private sector. 

He pointed to Egypt’s recent economic reforms, emphasizing the country’s competitive advantages such as a skilled workforce, strategic geographic location, advanced infrastructure, and its wide network of free trade agreements. He also noted the significant investment opportunities available in the Suez Canal Economic Zone.

Building on the outcomes of the Egypt–Cyprus–Greece Business Forum held in Cairo earlier this year, Abdelatty stressed the need to activate the trilateral business council and the cooperation protocol signed among the three chambers of commerce. 

He called for greater collaboration in sectors including agribusiness, renewable energy, tourism, real estate, and infrastructure development, while also reaffirming Egypt’s interest in expanding the bilateral labor agreement to provide employment opportunities for Egyptian workers across multiple industries.

On his part, Minister Badawi outlined joint efforts to connect Cypriot gas fields to Egypt’s liquefaction facilities, underscoring Egypt’s strategic role as a regional energy hub. He highlighted Egypt’s advanced gas infrastructure, liquefaction plants and transport networks, and reaffirmed Cairo’s determination to bolster regional and international energy security.

The roundtable concluded with a broad discussion on unlocking new opportunities for sustainable growth, mutual investments, and stronger economic integration. Both sides reaffirmed their shared commitment to exploring untapped potential and driving forward a deeper partnership between the two Mediterranean neighbors.