Ahram Hebdo economic conference to highlight French investment in Egypt

Former Egyptian prime minister Ibrahim Mahlab, along with French Ambassador to Cairo André Parant, will inaugurate on Tuesday an economic conference hosted by Egypt's weekly French newspaper Ahram Hebdo titled “French Investments in Egypt: Opportunities and Challenges.”

The conference, held in partnership with the French Chamber of Commerce and Industry and the French embassy in Cairo, will be held from 9am to 5pm at Al-Ahram's headquarters in Downtown Cairo, with instant translation from French to Arabic to be available via headphones.

France-Egypt economic relationship

"There are 130 French companies working in Egypt, with a total of 33,000 employees," Mahmoud El-Kaissy told Ahram Hebdo ahead of the conference, stressing that "France is one of the most important countries investing in Egypt."

Total French investment in Egypt stands at EUR4 billion, El-Kaissy said, adding that these investments are in the industries of energy, construction materials, electrical supplies, pharmaceuticals and food.

Egyptian exports to France are at around EUR900 million, while French exports to Egypt are worth EUR1.4 Billion, making France the sixth largest exporter to Egypt.