SCZONE participated in intensive meetings with German officials and the business community

As part of its ongoing efforts to promote investment opportunities in targeted sectors, the Suez Canal Economic Zone (SCZONE) participated in intensive meetings with senior German government officials, business leaders, and representatives of German companies, as Dr. Mohamed Abdel Gawad, Vice Chairman of SCZONE for Investment and Promotion Affairs, accompanied the Egyptian Minister of Investment and International Trade, Eng. Hassan Al-Khatib, during his visit to the German capital, Berlin.

A meeting was held with German Vice Chancellor and Minister of Economic Affairs and Climate Action, Robert Habeck, who commended the vision and efforts of the Egyptian government to improve the business environment.

Numerous meetings were also held with representatives from German companies operating in the fields of fibers, bicycles, and iron production. A working dinner was held in honor of the minister, attended by 22 German companies, where the corrective measures adopted by the Egyptian government to overcome obstacles facing foreign investors were reviewed, particularly regarding customs clearance, fiscal, monetary, and tax reforms, in addition to the incentives offered by Egypt to foreign investors.

The joint economic committee between the two countries is expected to meet in Cairo on next 18th and 19th of February, with the participation of German businessmen, to discuss all matters related to supporting economic and investment relations between the two countries and to develop an executive action plan in this regard.