Egypt's President Promotes Investment Opportunities in Strategic Meeting with Spanish Companies in Madrid
Key Ideas
  • President Sisi highlights Egypt's appeal for foreign investment, citing strategic location, infrastructure improvements, natural resources, and a qualified workforce.
  • The Egyptian government offers incentives, diverse investment opportunities, and legislative reforms to enhance the business environment.
  • Sisi promotes the Suez Canal Economic Zone for investments in renewable and green energy, particularly green hydrogen production, aiming to meet EU's needs.
  • Spanish companies are encouraged to explore various sectors for investment in Egypt, with a focus on supporting local industries and increasing local components.
President Abdel Fattah Sisi of Egypt met with representatives of Spanish companies in Madrid to discuss investment opportunities. Sisi emphasized Egypt's appeal for foreign direct investment, highlighting its strategic location, infrastructure advancements, natural resources, and a qualified workforce. He outlined the incentives, diverse investment opportunities, and legislative reforms enhancing the business environment. Sisi encouraged Spanish companies to invest in the Suez Canal Economic Zone, focusing on renewable and green energy, specifically green hydrogen production to meet EU needs. He also invited investments in automotive manufacturing, pharmaceutical industries, logistics, and other sectors. The president stressed the importance of supporting Egypt's efforts to localize industries and increase local components. Overall, the meeting aimed to strengthen economic ties between Egypt and Spain, promoting mutual benefits and strategic partnerships.
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