Egypt Foreign Minister Urges Private Sector Alliances To Expand African Trade Footprint

Egyptian Foreign Minister Badr Abdelatty on Sunday urged the country's private sector to form strategic alliances and consortia to enhance their competitiveness and expand Egypt's economic presence across the African continent. During a meeting with senior business leaders and representatives of Egyptian companies, Abdelatty stated that the private sector serves as a primary pillar for deepening economic ties, increasing trade volumes, and attracting joint investments with African nations.

The minister highlighted that the Ministry of Foreign Affairs and Emigration is giving utmost priority to coordinating with African governments and institutions to create a favourable business environment. This effort involves removing procedural and regulatory obstacles and opening channels of communication with relevant authorities to facilitate the entry of Egyptian companies into African markets. Abdelatty emphasised the importance of expanding cooperation in high-value sectors, including infrastructure, energy, transport, logistics, agriculture, health, and pharmaceuticals, alongside the presence of the Egyptian banking sector and small and medium-sized enterprises.

Abdelatty praised the participation of Egyptian firms in foreign visits to African countries, noting that such involvement allows them to capitalise on promising opportunities and implement development projects with sustainable economic returns.