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Nassar meets South African counterpart on sidelines of Africa Investment Forum
23 November 2019  -  Organization :  -  Sector/Entity :  -  Category : General

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A delegation of 15 South African companies will visit Egypt early next month to participate in the joint business forum to be held in Cairo.

Cairo- Nov 23, 2019

Minister of Trade and Industry Amr Nassar has met with South African Minister of Trade and Industry Ebrahim Patel, on the sidelines of Africa Investment Forum, which kicked off yesterday under the auspices of President Abdel Fattah al Sisi in the new administrative city.

The one-on-one discussed the future of economic relations between Egypt and South Africa and means of boosting bilateral trade and investment.

 “There are ample investment opportunities in the Egyptian market for South Africa’s business community, especially in mining, communications, IT, agriculture, construction, renewable energy, tourism and banking,” Nassar said.

Patel, for his part, noted that a delegation of 15 South African companies operating in the fields of chemicals, construction, energy and engineering industries will visit Egypt early next month to participate in the joint business forum to be held in Cairo.

According to official data, trade between the two countries grew by 4.8% to reach $291 million in 2018, compared to $277.5 million a year earlier.

 

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