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Egypt reveals plans to set up joint business forum with EU to attract European investment

CAIRO, 13 December 2022, (TON): Top officials from Egypt and the EU are to pursue plans to set up a joint business forum aimed at attracting increased European investment in the north African country.

Egyptian minister of trade and industry, Ahmed Samir, recently held talks with the EU’s envoy to Cairo, Christian Berger, about ways to boost economic cooperation.

In a statement, the Egyptian ministry said the two sides had agreed to work together on promoting investment opportunities for European companies in Egypt along with related incentive packages being offered by the Egyptian government.

Samir noted that through the African Continental Free Trade Agreement, Egypt was looking to become a center for the manufacture of European products and a conduit to African markets.

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