General Federation of Egyptian Chambers of Commerce has organized a joint business forum,
as part of the visit by President of Romania to Cairo.
Cairo- Oct 27,
General Federation of Egyptian Chambers of Commerce has organized the
Egyptian-Romanian Business Forum, as part of the visit by President of Romania Klaus
Iohannis to Cairo, with the participation of various Romanian and Egyptian companies
ministry aspires to strengthen economic ties and boost trade with Romania,
which ranks12th in the European Union by total nominal GDP,” said Nasser Hamed,
Director of the EU Department at the Egyptian Commercial Service, in a speech
delivered on behalf of Minister of Trade and Industry Nevine Gamea.
minister noted that there is ample opportunity for cooperation between
businessmen in the two countries in the fields of chemicals, petrochemicals,
engineering industries, textiles, agricultural tractor manufacturing, electricity,
renewable energy, tourism, telecommunications, IT and cybersecurity.
she added, was the largest recipient of FDI in Africa in 2020, with a total value
of $5.9 billion, making up 14.75% of total investments received by the
continent, according to a report by the United Nations Conference on Trade and
Gamea invited Romanian companies to invest in Egypt, especially in the Suez
Canal economic zone of, mainly in the fields of the timber, engineering
industries, IT, autos and metal industries, SMEs, energy and construction.
figures show that Egyptian exports to the Romanian market amounted to $107
million, during the first half of 2021, up 48% from $72.29 million a year
exports to Romania include: plastics, fertilizers, pharmaceuticals, glass and
agricultural products, Romania ranking 13th among EU countries receiving
investments in Egypt stand at $88 million in 81 projects, and Egyptian
investments in Romania at $42.2 million in the fields of engineering
industries, packaging and services.