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The Minister of Trade and Industry discusses with a delegation of major German companies members of the German Near and Middle East Business Organization opportunities for industrial and investment cooperation between the two countries

Fathy Al-Sayeh

Promising opportunities to enhance German investments in the Egyptian market in the fields of industry, new and renewable energy, information technology, transportation, and technical and vocational training

Frank Hartmann: The delegation is the largest German economic delegation to visit a foreign country since the beginning of the Corona pandemic…and great interest from German companies to invest in the Egyptian market

Ms. Nevin confirmed Jama, Minister of Trade and Industry, said that the Egyptian-German economic relations are close and strategic relations based on a long history of joint commercial, industrial and investment cooperation between the two countries, noting that the current stage is witnessing intense efforts at the governmental and businessmen levels to raise the rates of bilateral cooperation between the two countries and advance them to distinct horizons that contribute to

This came during the expanded meeting held by the Minister with the German trade and investment delegation headed by Mr. Martin Hernknecht, Chairman of the Board of Directors of the German Near and Middle East Business Organization Numov , who is currently visiting Egypt for a peace contract A basket of meetings with senior Egyptian officials to discuss the future of joint economic cooperation between the two countries, the development of German investments in the Egyptian market, and a number of files of common interest.

The Minister said that the political leadership and the government attach great importance to the presence of more German investments in the Egyptian market to benefit from German industrial expertise and technology in developing the Egyptian industry, pointing out that there are distinguished investment opportunities in front of German business circles. To invest in the Egyptian market, especially in the fields of engineering and automotive industries, especially electric cars, as well as energy fields, especially with regard to the production of green hydrogen, in light of Egypt’s plan to transform into a regional energy center, as these measures are in line with Germany’s current trends to shift towards clean energy and reduce dioxide emissions. Carbon.

The Minister invited German companies to invest in Egypt and overcome the problem Due to the challenges imposed by the Corona pandemic, which included the suspension of supply chains from China and Asian countries and the suspension of production in some German factories, where German companies can benefit from Egypt’s strategic position in exporting from it to various markets by establishing joint projects with added value for both sides, especially in light of the system The incentives and advantages offered by the investment climate in Egypt in terms of facilitating procedures through the one-stop-shop system and facilitating procedures for providing land and issuing licenses, noting in this context that the Egyptian market enjoys many attractive advantages for investment, which include security stability, the availability of a legislative framework and a stable and sustainable investment environment, And developed infrastructure, and trained labor, in addition to the large domestic demand and the ability to access regional markets through free trade agreements concluded between Egypt and various countries and global economic blocs.

Jameh pointed out the importance of intensifying efforts between the two governments Egyptian and German to continue cooperation to develop the Egyptian industry into the fourth generation of industry and to benefit from digital transformation through t The memorandums of understanding signed between the two countries, which include the memorandum of understanding signed between the Egyptian government and the German company Siemens, to implement a number of projects, the most important of which are the digital platform for Egyptian industries, the Center for Innovation and Excellence, and the project to establish the first innovation center in the fourth industrial generation, noting Egypt’s keenness to continue its cooperation with the government. German in the fields of technical education and training for youth, by benefiting from the pioneering German experience in this field, especially in light of the program launched by “Egypt Vision 2022” for technical and vocational education and training.

For his part, Ambassador Frank Hartmann, the German ambassador in Cairo, explained that this delegation of German companies is the largest German economic delegation to visit a foreign country since the beginning of the Corona pandemic, which reflects the great interest that German companies attach to the Egyptian market, pointing out that There are many large German companies operating in the Egyptian market in the fields of infrastructure and energy with huge investments, along with medium companies, as well as other small companies wishing to inject new investments into the Egyptian market. Hartmann said that the German side seeks to contribute to the implementation of Egypt’s vision 2030 by strengthening joint cooperation in the fields of industry, capacity-building and technology through the German Agency for International Cooperation (GIZ), which plays a pivotal role in Egypt from During the rehabilitation of young people and the preparation of specialized competencies for the labor market, whether Egyptian or foreign.

For his part, Dr. Martin Hernknecht, Chairman of the Board of Directors of the German Near and Middle East Business Organization Numov explained that the Federal Republic of Germany and Egypt are linked by bilateral ties Strong economic, commercial, investment, cultural, social and scientific relations are distinguished, pointing to the important role of the German Near and Middle East Foundation in promoting economic cooperation with the countries of the region in general and the State of Egypt in particular.

Hernknecht added that the accompanying delegation It includes a group of major German companies working in the fields of transportation, medical supplies, information technology, digitization, new and renewable energy, and petroleum services, indicating that these companies have a firm desire to invest in the Egyptian market, whether through expansions of existing projects. Or pumping investments into new projects that enhance the joint economic relations between the two countries.

It is worth mentioning that this visit was organized by the Egyptian Commercial Office in Berlin in light of the efforts of commercial representation to promote investment in the Egyptian market. That the delegation meet with a number of ministers and agencies concerned with trade and investment in Egypt.

and the government to benefit from advanced German expertise and technology to develop the Egyptian industry

Promising opportunities to enhance investments German companies in the Egyptian market in the fields of industry, new and renewable energy, information technology, transportation, technical and vocational training

Frank Hartmann: The delegation is the largest German economic delegation to visit a foreign country since the beginning of the Corona pandemic … and great interest from German companies in investing In the Egyptian market

Minister of Trade and Industry Nevin Gamea affirmed that the Egyptian-German economic relations are close and strategic relations based on a long history of joint commercial, industrial and investment cooperation between the two countries, noting that the current stage is witnessing efforts intense on touch Toin the government and the level of businessmen to raise the rates of bilateral cooperation between the two countries and advance them to distinct horizons that contribute to the development and development of the Egyptian and German economies alike.

This came during the expanded meeting held by the Minister with the German trade and investment delegation Headed by Mr. Martin Hernknecht, Chairman of the German Near and Middle East Business Organization Numov, who is currently visiting Egypt to hold a series of meetings with senior Egyptian officials to discuss the future of joint economic cooperation between the two countries, the development of German investments in the Egyptian market and a number of files of common interest. The meeting was Ambassador/ Frank Hartmann, Ambassador of the Republic of Germany in Cairo, and Minister of Trade Plenipotentiary/ Nasser Hamed, Head of the European Department of Trade Representation.

The Minister said that the political leadership and the government attach great importance to the presence of more German investments in the Egyptian market. To benefit from German industrial expertise and technology in developing the Egyptian industry, pointing out that there are distinct investment opportunities for German business circles to invest in the Egyptian market. Especially in the fields of engineering and the automotive industry, especially electric cars, as well as the energy fields, especially with regard to the production of green hydrogen In light of Egypt’s plan to transform into a regional energy center, where these measures are in line with Germany’s current trends to shift towards clean energy and reduce carbon dioxide emissions.

The Minister invited German companies to invest in Egypt and overcome the challenges it imposed The Corona pandemic, which included the suspension of supply chains from China and Asian countries and the suspension of production in some German factories, where German companies can take advantage of Egypt’s strategic position in exporting from it to various markets by establishing joint projects with added value for both sides, especially in light of the incentives and benefits system that It is provided by the investment climate in Egypt in terms of facilitating procedures through the one-stop-shop system and facilitating procedures for providing land and issuing licenses, noting in this context that the Egyptian market enjoys many attractive advantages for investment, which include security stability, the availability of the legislative framework, a stable and sustainable investment environment, and advanced infrastructure. , skilled labor, as well as a large domestic demand and the ability to access regional markets through free trade agreements concluded between Egypt and various countries and global economic blocs.

Jameh pointed out the importance of intensifying efforts between the Egyptian and German governments to continue cooperation to develop the Egyptian industry into the fourth generation of industry and to benefit from digital transformation through activating memoranda of understanding signed between The two countries, which include the memorandum of understanding signed between the Egyptian government and the German company Siemens, to implement a number of projects, the most important of which are the digital platform for Egyptian industries, the Center for Innovation and Excellence, and the project to establish the first innovation center in the fourth industrial generation, noting Egypt’s keenness to continue its cooperation with the German government in the fields of technical education. And training for youth, by benefiting from the leading German experience in this field, especially in light of the program launched by “Vision of Egypt 2030” for technical and vocational education and training.

For his part, Ambassador Frank Hartmann, Ambassador of the Republic of Germany in Cairo, explained that this delegation of German companies is the largest German economic delegation to visit a foreign country since the beginning of the Corona pandemic, which reflects the great interest that German companies attach to the Egyptian market, pointing out He pointed out that there are many large German companies operating in the Egyptian market in the fields of infrastructure and energy with huge investments along with medium companies as well as other small companies wishing to inject new investments into the Egyptian market.

Hartmann added that The German side seeks to contribute to the implementation of Egypt’s vision 2030 by strengthening joint cooperation in the fields of industry, capacity-building and technology through the German International Cooperation Agency (GIZ), which plays a pivotal role in Egypt through the rehabilitation of young people And preparing specialized competencies for the labor market, whether Egyptian or foreign.

For his part, Dr. Martin Hernknecht, Chairman of the Board of Directors of the German Near and Middle East Business Organization Numov, stated that the Federal Republic of Germany and Egypt are linked by strong bilateral ties supported by strong bilateral relations. Distinguished economic, commercial, investment, cultural, social and scientific, pointing to the important role of the German Near and Middle East Foundation in promoting economic cooperation with the countries of the region in general and the State of Egypt in particular. One of the largest companies German working in the fields of transportation, medical supplies, information technology, digitization, new and renewable energy and petroleum services, noting that these companies have a definite desire to invest in the Egyptian market, whether through expansions of existing projects or pumping investments into new projects that enhance the joint economic relations between the two countries.

It is worth noting that this visit was organized by the Egyptian Commercial Office in Berlin in light of the efforts of commercial representation to promote investment in the Egyptian market, where the delegation is scheduled to meet with a number of ministers and agencies concerned with trade and investment in Egypt.)