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Egypt-Spain partnership forum kicks off in Cairo
27 September 2022  -  Sector :  -  Entity :  -  Category : General

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Spain is one of Egypt’s major trading partners in the EU, with bilateral trade exceeding 2.7 billion in 2021.

Cairo- Sep 27, 2022

The Egypt-Spain Multilateral Partnership forum has opened today in Cairo, with the participation of Spanish Secretary of State for Trade Xiana Méndez Bértolo and Ambassador to Egypt Alvaro Iranzo, along representatives of numerous companies and government agencies from both countries.

“Egypt is open to more Spanish investments, which stand at 826 million, and offers all support to companies operating in the local market, especially in the midst of current global economic challenges,” Egyptian Trade and Industry Minister Ahmed Samir said in a speech delivered on his behalf by Yahya al-Wathiq Billah, head of the Egyptian Commercial Service.

The government, he pointed out, is keen on creating a business-friendly climate through developing investment-related legislations, stressing the key role played by the private sector in strengthening mutual cooperation between the two markets.

The minister further noted that special attention is given to development projects in the fields of green energy, sewage, petrochemicals, transportation and infrastructure; inviting Spanish companies to participate in renewable energy projects in Egypt.

“Spain is one of Egypt’s major trading partners in the EU, with bilateral trade exceeding 2.7 billion and exports to the Spanish market amounting to 1.192 billion in 2021, up 31.3% and 80.5% respectively from a year earlier,” Samir added.

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