President El-Sisi Participates in a Round Table in Berlin

Today in Berlin, President Abdel Fattah El-Sisi participated in a round table with representatives of the business community and heads of major German industrial companies. A number of senior German officials and the ministers of foreign affairs, electricity and renewable energy, planning and economic development, petroleum and mineral wealth, transportation, Commerce and Industry were also present.

The Spokesman for the Presidency said the President welcomed the participation in this meeting, which embodies the spirit of the distinguished cooperation between Egypt and Germany. President El-Sisi stressed Egypt's keenness during the coming period to continue advancing economic and trade cooperation with the German business community and companies. He also confirmed Egypt’s interest to boost joint investments so as to contribute to supporting the economic development process in Egypt. The President cited similar successful models in this regard between Egypt and many large German companies, within the framework of joint action to maximize mutual interests and leverage available opportunities.

The President commended the positive developments in economic and trade relations between the two countries during the past few years. President El-Sisi highlighting the various investment opportunities offered by the mega projects currently being implemented in Egypt, foremost of which is the Suez Canal Economic Zone, which includes a number of major industrial and logistics zone. This offers promising opportunities for German companies, wishing to capitalize on Egypt's strategic location, as a center for production and re-export of products to various countries of the world, with which Egypt shares free trade agreements, especially in the Arab and African regions.

President El-Sisi stressed that the significant leap witnessed in Egypt recently in the various development sectors reflects the strong will of the state to maximize its potential and achieve sustainable development. He noted that this will reflect on enhancing the opportunities available to German investments in various sectors and open new markets. For German products, President El-Sisi expressed his appreciation for the role played by major German companies in supporting economic and trade relations between Egypt and Germany, pointing out the importance of the role of the private sector in this context as an engine of growth through increased investments and the transfer of knowledge and expertise to serve the common interests of the two countries.

The statement was followed by a documentary film on the various development and economic achievements in Egypt in recent years. Ministers also reviewed the investment mechanisms and opportunities available in all sectors.

The attendees praised the progress made at the level of economic reform in Egypt and the remarkable development and growth in the Egyptian economy, especially through the measures taken to speed up the development process and improve and encourage the investment environment. This is, in addition to the major national projects being implemented, which have contributed to turning Egypt into a model and a success story to be emulated at the development level on the regional and international arenas, despite the pressing economic conditions at the international level. The President confirmed commitment to working toward enhancing German investments in Egypt during the coming period, given the numerous promising investment opportunities and fields, particularly in the health, energy, technology, tourism, telecommunications, automobile and transportation sectors.

During an open dialogue with the President, heads and representatives of German companies welcomed boosting cooperation with Egypt to achieve the common interests of both sides. They also reviewed their plans to invest in Egypt to expand the size and scope of their existing projects in many fields. The President affirmed Egypt's intention to continue reform efforts and development in light of the implementation of the national strategy to achieve sustainable development “Egypt Vision 2030”. President El-Sisi stressed Egypt’s appreciation of the special strategic relationship with Germany, and welcomed the increased activity of German companies operating in Egypt.