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Sisi & Schulz Discuss Increasing German Investments in Egypt


Sun 10 Sep 2023 | 10:07 AM
By Ahmad El-Assasy

 President Abdel Fattah el-Sisi and German Chancellor Olaf Schulz recently held a productive meeting to discuss the expansion of German investments in Egypt. The leaders praised the significant progress made in bilateral relations across various sectors, which has led to a surge in high-level visits between the two countries in recent years. They expressed their shared commitment to maximizing cooperation and strengthening political coordination in the future.

The meeting took place on the sidelines of the G20 summit in India, where President el-Sisi and Chancellor Schulz had the opportunity to engage in fruitful discussions regarding the strategic partnership between Egypt and Germany.

During the meeting, both leaders reviewed the existing frameworks of cooperation, with a particular focus on the transportation, manufacturing, and energy sectors. They emphasized the need to enhance economic ties and create favorable conditions to attract more German investments to Egypt. President el-Sisi highlighted Egypt's ongoing efforts to improve its business environment and promote a favorable investment climate, while Chancellor Schulz expressed Germany's keen interest in exploring new avenues for economic collaboration.

In addition to economic matters, the two leaders addressed important regional and international issues of mutual concern. They discussed the need for coordinated efforts to combat illegal migration and exchanged views on the latest developments in the Sudanese crisis and the Russian-Ukrainian conflict. This demonstrates the depth of their strategic dialogue and shared commitment to promoting peace, stability, and security in the region.

As Egypt continues to implement its ambitious economic reform agenda, it remains an attractive destination for foreign investors, including those from Germany. The country's strategic location, diverse economy, and young, skilled workforce provide promising opportunities for German businesses seeking to expand their presence in the region. Egypt's commitment to creating an investor-friendly environment, coupled with Germany's advanced technology and expertise, forms a solid foundation for mutually beneficial partnerships.

Looking ahead, Egypt and Germany are poised to strengthen their ties even further, driven by a shared vision of sustainable economic development and political stability. The successful outcome of this meeting sets the stage for increased cooperation and paves the way for a new chapter in the bilateral relationship between Egypt and Germany.

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