Egypt’s Foreign Minister Badr Abdelatty began his visit to Berlin by taking part in a business forum jointly organized by the Association of German Chambers of Industry and Commerce (DIHK) and the Federation of German Industries (BDI).
The meeting brought together senior executives from major German companies and focused on ways to boost economic and trade cooperation between Egypt and Germany.
According to the Egyptian Foreign Ministry, Abdelatty underlined Egypt’s commitment to strengthening its economic partnership with Germany, highlighting the central role of the private sector in advancing economic and investment cooperation.
He reviewed ongoing efforts to empower the private sector and improve the investment climate, noting that the Egyptian government is continuing to implement wide-ranging reforms to support economic activity, develop infrastructure, and create conditions conducive to attracting foreign investment.
Abdelatty stressed Egypt’s determination to expand the private sector’s role in driving economic growth and to move forward with the State Ownership Policy Document, which aims to increase private-sector involvement across key sectors.
He also pointed to steps taken to simplify procedures and improve the legal and tax frameworks, including the launch of the first phase of new tax facilitation measures, as well as support for small and medium-sized enterprises and start-ups.
The minister highlighted ongoing efforts to promote investment in clean energy, industrial localization, digital transformation, pharmaceuticals, and information and communications technology, noting the incentives available in these sectors.
Abdelatty also noted reforms that have helped stabilize the exchange market, increase foreign currency reserves, reduce inflation, and return economic growth to a positive trajectory.
The meeting included an extensive discussion on broadening the scope of bilateral economic relations, with both sides exploring new avenues for cooperation and mutual investment, as well as opportunities for sustainable growth. Participants examined ways to capitalize on the range of available prospects to unlock the full potential of the partnership between the two countries.
Source: Al-Ahram Online
