Pakistani Ambassador to Cairo: We seek to deepen the investment partnership between the business communities of the two countries
The Pakistani Ambassador to Cairo, Amer Shawkat, stressed the need to benefit from the strong political and historical relations between the two countries to deepen investment cooperation, pointing to the increasing desire of the Pakistani business community to invest in Egypt, as it is a major manufacturing center in the region capable of accessing African and European markets. Therefore, the Pakistani Embassy in Cairo seeks to deepen the investment partnership between the two business communities in The two countries.
This came during his meeting today with Hossam Heiba, CEO of the General Authority for Investment and Free Zones in Egypt, to discuss investment cooperation opportunities between the two countries.
Ambassador Amer Shawkat announced that a number of Pakistani companies It is considering, or has already made, pumping new investments into the Egyptian market in the sectors of pharmaceutical industries, ready-made clothing, mobile phones, information technology, cooking utensils, electric bicycles, and electric battery recycling. He praised the strength of the Egyptian information technology sector, especially with regard to the competence of Egyptian programmers and the strength and development of the technology sector. Finance.
Hossam Heiba said that Egypt was able during the past few years to exploit temporary global trade tensions to attract sustainable investments, as a result of implementing the “Investment for Export” strategy. And its connection to preferential trade agreements that allow easy and competitive access to its goods to about 3 billion consumers around the world, stressing that Pakistani investments in Egypt will benefit greatly from the African Continental Free Trade Agreement, which links Egypt to the continent with the fastest growing economy in the world, in addition to that relations with European Union markets have been raised to the level of strategic partnership. Overall.
Hiba and Ambassador Amer Shawkat agreed on the need to expand in attracting Pakistani investments, and to expand mutual promotional visits during the coming period, especially with the increasing Pakistani demand for investment in Egypt, as 46 Pakistani companies were established in Egypt in the last fiscal year. 2024/2025, compared to only 17 companies in 2023/2024, which shows accelerated growth, although the opportunities for investment cooperation between the two countries are much greater than these levels. Saudi Arabia" To accelerate the conclusion of investment partnerships between entrepreneurs in these countries, especially in artificial intelligence and semiconductor activities, proposing the establishment of a platform for communication between entrepreneurs in the three countries.
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