Egypt PM seeks stronger economic and investment ties with South Africa

He emphasised the state’s readiness to overcome existing challenges and provide the necessary incentives that could contribute to increasing investments from South Africa to Egypt.

According to the Egyptian cabinet, Madbouly’s remarks came during a meeting with 40 representatives of major companies and research and think-tank institutions in South Africa, organised by the Egyptian Embassy in Cape Town.

The meeting, attended by Foreign Minister Badr Abdelatty, took place ahead of the Egyptian PM’s participation at the 2025 G20 summit in Johannesburg.

During the meeting, Madbouly delivered a comprehensive presentation on the business climate and investment opportunities in Egypt, noting that the state places great emphasis on empowering the private sector to be the main driver of economic growth and a key partner in sustainable development efforts.

He looked forward to establishing an Egyptian-South African business council, stressing the importance of stronger connections and cooperation between Egyptian companies and their South African counterparts within the framework of bilateral cooperation and integration.

During the meeting, Abdelatty highlighted the historical relations between the two countries and Egypt’s diplomatic efforts in securing the release of African leader Nelson Mandela.