German firms show growing optimism for investing in Egypt

Speaking about the official opening of the Grand Egyptian Museum (GEM), Diale-Schellschmidt described it as “a great milestone, not only in cultural and international relations but also as a catalyst for tourism.” She added, “I believe the GEM will enhance both the quality and quantity of tours to Egypt. I’m sure many German tourists will come to visit this incredible new landmark.”

Regarding the role of the Chamber in promoting economic relations, she explained that the AHK supports both German companies entering the Egyptian market and Egyptian companies seeking to expand into Germany.

“We provide practical services, organise business delegations, B2B meetings, and conferences. We also assist Egyptian companies to attend trade fairs in Germany and support vocational training programmes for both sides,” she said.

Diale-Schellschmidt estimated that the current volume of German investments in Egypt amounts to around €2 billion, noting that investments span a wide range of sectors. “German companies are active in energy, infrastructure, production, agriculture, consumer goods, and, of course, tourism,” she said, adding that the diversity of these investments shows "the strength and stability of the Egyptian market."