Egypt, EU aim to hold joint business forum to attract more companies to Egypt

The two parties discussed ways to enhance bilateral economic cooperation during the coming period.

The minister said that Egypt and the EU have strong relations based on a long history of fruitful cooperation at the level of governments, economic circles and business communities, as the EU is the largest economic partner for Egypt.

Samir disclosed that there are many great opportunities to develop and enhance this existing cooperation between the two sides.

Samir explained that the meeting tackled efforts taken by the Egyptian state during the last period to give impetus to the Egyptian private sector and prepare the business environment, especially in light of the successive global crises represented in the Covid-19 pandemic and the Russian-Ukrainian crisis, as these efforts included announcing the state ownership document and the strategy of competitive neutrality.

The minister noted that the two sides agreed to intensify communication during the coming period to encourage European companies to direct new investments into the Egyptian market and benefit from the incentive packages provided by the Egyptian government to attract foreign investment.