The Egyptian Minister of Trade and Industry, Neven Gamea, received the President of the Arab-German Chamber of Commerce and Industry, Dr. Peter Ramsauer, in the presence of the Secretary-General of the Union of Arab Chambers, Dr. Khaled Hanafi, German Ambassador to Cairo Frank Hartmann, Assistant Minister for Economic Affairs and Minister of Trade Commissioner Ibrahim El-Sigini, and Head of Commercial Representation Yahya Al-Wathiq Billah.
The meeting dealt with ways to develop Egyptian-German economic relations in various commercial, industrial and investment sectors, in addition to the renewable energy sector.
Minister Gamea stressed the Egyptian state's keenness to strengthen bilateral relations between Cairo and Berlin in various fields and at all levels, especially since Germany is one of Egypt's most important economic partners in the European Union. She indicated the political leadership's interest in expanding the frameworks of economic cooperation with Germany to benefit from its advanced industrial expertise and transfer it to the national industry in various industrial sectors.
She expressed the Egyptian government's aspiration to cooperate with Germany in the field of renewable energy and to benefit from the great German expertise in order to provide alternatives to traditional energy sources and preserve the environment, especially with regard to the production of green hydrogen, whose production depends mainly on solar energy, which is available in Egypt throughout the year.
For his part, Dr. Khaled Hanafi referred to the promising investment opportunities in the Egyptian market, which represents a major investment and export hub for the markets of the Middle East and Africa, in addition to the large domestic market, which exceeds 100 million consumers. Pointing out the importance of attracting more German companies in the field of automobile and fueling industries to invest in the Egyptian market and to benefit from the great competitive advantages of this market and the free trade agreements signed with a large number of countries and regional and global blocs.
Source (Al-Ahram Gate Website, Edited)
