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Egyptian and German trade ministers discuss building industrial zone in SZCONE

The Egyptian Minister of Trade and Industry Ahmed Samir has discussed with its German counterparts building an industrial zone in the SCZone.
29.10.23 | Source: ahram online

Samir's meetings with German counterparts Robert Habeck, Minister for Economics and Climate Action, and Anja Hajduk, State Economic Secretary, also discussed increasing trade between Egypt and Germany and attracting investments for 152 projects.

Talks also included attracting German investments into the manufacturing, energy, and digital transformation sectors, among others.

The Egyptian minister also explored cooperation with German authorities and businesses to build a German industrial zone within the SZCONE.

Samir invited different entities from Germany to attend the seventh edition of the Egyptian-German Economic Committee meetings, which will be held in mid-2024.

Furthermore, the trade minister held a roundtable with representatives from 25 German companies in the fields of energy, infrastructure, chemicals, and the auto industry to discuss possible projects in Egypt.

During Samir's visit, the SCZONE signed a one-year renewable letter of intentions with the German Association of Small and Medium-sized Businesses to exchange investment information and form a joint committee for Egyptian-German trade relations.

The Ministry of Trade signed a memorandum of understanding with the German state of North Rhine-Westphalia to launch a series of annual economic summits, the first of which is scheduled to be held in Düsseldorf in 2024.