Hassan El-Khatib, Minister of Investment and Foreign Trade, emphasised the government’s commitment to fostering a supportive environment for export-oriented investments. Council members discussed the increased trade between Egypt and India, facilitated by official delegation exchanges. They noted the expansion of several Indian companies in Egypt, particularly in critical sectors such as the chemical industry and plastic waste recycling. The council supports an investment initiative aiming to increase Indian investments in Egypt to $5bn by 2027. Council members also highlighted various important industrial sectors in Egypt, including chemicals, fertilizers, pharmaceuticals, leather, glass, automotive, and agro-based industries.

Source: Daily News Egypt July 24, 2024 06:34 UTC