According to a press release by the ministry, Nasr highlighted the importance of the German chancellor Angela Merkel’s visit to Cairo, which began on Wednesday. Nooke stressed Germany’s keenness to strengthen cooperation with Egypt in the coming period at both the investment and development levels, given Egypt’s strategic importance in the Middle East and Africa. He noted that the high-level economic delegation is accompanying Merkel during her visit to Cairo to discuss Germany’s increasing investments in Egypt. The two sides discussed future projects funded by the German side, as well as the latest updates on financing projects worth €203m. Both parties agreed on supporting SMEs and reviewed a German initiative to include Africa within the G20 group, currently led by Germany.

Source: Daily News Egypt March 02, 2017 10:52 UTC