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Trade minister, Singapore ambassador discuss future cooperation
30 December 2022  -  Sector :  -  Entity :  -  Category : General

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The meeting has discussed topics of economic cooperation between the two countries.

Cairo- Dec 30, 2022

Minister of Trade and Industry Ahmed Samir has met with Singaporean Ambassador to Egypt Dominic Goh, where they discussed topics of economic cooperation between the two countries.

The meeting reviewed success stories of Singaporean companies operating in the local market, especially in the fields of fertilizers, food, agroindustry and plastics, and shed the light on a potential project for fertilizer production in the Suez Canal Economic Zone.

“The ministry is working hard to improve the business climate in Egypt and create an investment-conducive environment,” Samir said, stressing its commitment to find solutions to obstacles facing investors.

According to figures, Egypt-Singapore trade doubled in 2021 to reach $677 million, growing 120% from a year earlier, with exports to the major Asian market amounting to $505 million. Singaporean investments in Egypt stand at $175 million in 33 projects, spanning the areas of agriculture, manufacturing, services, IT and tourism.

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