At a meeting with the Egyptian-Indian Business Council, Mr. El-Khatib highlighted the government’s efforts to address the challenges facing the Egyptian economy in recent years. He presented a clear vision for attracting more investment by simplifying the investment process and leveraging sound financial policies and existing state assets. He also spoke of the ongoing coordination between the relevant ministries to prepare comprehensive dossiers on land, energy and the procedures required to set up projects. These dossiers will be examined and presented to the Supreme Investment Council and other state authorities to remove any obstacles to investment and trade.
Council members discussed the increase in trade between Egypt and India, facilitated by the exchange of official delegations. They noted
“the expansion of several Indian companies in Egypt, particularly in critical sectors such as the chemical industry and plastic waste recycling.”
In addition, plans are underway for more Indian companies to penetrate the Egyptian market in key areas such as renewable energies, green hydrogen, engineering industries and information and communication technologies. The council supports an investment initiative to increase Indian investment in Egypt to $5 billion by 2027. It recommended working with the Ministry to possibly organize an annual investment conference for Egypt and India. Council members also highlighted several important industrial sectors in Egypt, including chemicals, fertilizers, pharmaceuticals, leather, glass, automotive and food industries. They discussed the main challenges facing these sectors and stressed the importance of increasing the number of vocational institutes to train the necessary Egyptian workforce, particularly for the engineering and electronics industries.
